MGI Pharma MOGN New patents, anti cancer Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : MGI Pharma MOGN New patents, anti cancer

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: the eagle who wrote (683)	2/17/1998 6:49:00 PM
From: David Cathcart	Read Replies (2) of 1826

Eagle, Now that Salagen is approved for Sjogren's, the outlook is ever bright for a revenue stream at MGI Pharma for the next few years. IMO however, for this investment to really pop in the near term, a well structured European deal will have to be completed for MGI 114. From what the company has said, there will be a phase II trial for MGI 114. The remaining question is who will pay for it. We know that the National Cancer Institute will pay for part of it. But we also know that MGI Pharma wants to conduct their own trials to target specific tumor types not addressed by the NCI. I'm glad they are planning to do that but it will cost money. Until the European deal is completed, the phase II cost concerns could hold the stock price down. Blitzer has said not only that the European partnership deal will happen, but that the revenue from it could pay all the expenses for the phase II trials. If that happens we've got one hell of a package: strong revenue and profits from Salagen, a potential blockbuster cancer drug in phase II trials, and someone else paying all the bills. Too good to be true? I don't think so. David

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next