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Biotech / Medical : Depotech(depo)

DEPO 7.300

+1.7%

Aug 14 5:00 PM EST

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To: Czechsinthemail who wrote (705)	2/4/1998 8:42:00 AM
From: Dr. John M. de Castro	Read Replies (1) of 887

DEPO is scheduled to talk with the FDA at the end of this month. The slight delay is not a bad thing as it will give them more time to assemble the data from their Phase IV DepoCyt trial. The trial has enrolled 40 patients as planned. But, the data are not all in yet. Of the enrolled patients 2 have died for reasons unrelated to DepoCyt and 2 were eliminated due to improper intrathecal catheter placements. DEPO claims that adherence to the prescription for also taking steroids to reduce headaches is better in this trial. The administrative reshuffling is troublesome. The fact that the company felt it necessary to reduce the workforce to reduce the burn rate when they have around $30MM in cash suggests that they are planning for a long term recovery before looking to refinance again. They are, in the local parlance, "hunkering down". This predicts that there will not be a dilution of stock value anytime soon and that they don't expect a large infusion of capital from any potential partners anytime soon also. John de C

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