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Biotech / Medical : Alteon (ALT)
ALT 4.2400.0%Jan 16 9:30 AM EST

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To: Bill Tomko who wrote (220)3/12/1998 1:44:00 PM
From: Rudy Saucillo  Read Replies (1) of 318
 
Bill,

These interim reviews and reports that you mention are not normally reportable events. That is, there is no public release of data unless a change in trial protocol is required (as happened in the ACTION II trial which we *don't* want to see repeated!). So, the next data we'll likely see is the ACTION I results - ALTN says 4Q98, I'll guess November.

Regarding other milestones, ALTN will have a presence at the upcoming ADA meeting (June 13-16). I haven't seen any abstracts, but they plan to present a paper on their AGE crosslink breaker work. These compounds should enter preclinical safety testing later this year.

I don't believe ALTN/GNE have plans to initiate any new clinical trials before ACTION I results are known. But assuming positive results, I would anticipate a flurry of activity shortly after.

Cheers!
Rudy
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