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Biotech / Medical : Biotechnology Value Fund, L.P.

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To: Biomaven who wrote (47)2/12/1998 6:24:00 PM
From: John S. SturgesRead Replies (1) of 4974
 
I believe BVF owns some PDLI. Big news next 5dys. M.Geller at CIBC Oppenheimer reported that data to be given at 2 conferences Feb 14th, Geneva and Feb 18th., Florence, will show Zenapax(a T-Cell inhibitor and organ transplant drug) to be very effective against Uveitis(stopped the disease cold), very effective in liver transplants thus expanding the current market by 80% and superior to Cyclosporin in every manner and is likely to eliminate Cyclosporin form the market place. Further, the data also will show that Zenapax eliminated psoriasis in transplant patients. He believes a psoriasis study in progress will show Zenapax to be very effective without side effects by year end.
The market for Zenapax is very large, over $10Billion.
PDLI began moving this afternoon as Geller recommended a strong buy, target $70shr. with this information in hand.
Best regards,
John
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