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Biotech / Medical : Zonagen (zona) - good buy?

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To: Claud B who wrote (2767)3/16/1998 5:05:00 PM
From: Bill Wexler  Read Replies (2) of 7041
 
Pfizer continues its success. Zonagen continues its fraud.

Today Pfizer stock was up on anticipation of approval for Viagra...a legitimate treatment for male erectile dysfunction.

biz.yahoo.com

Zonagen is a criminal enterprise that has succeeded in defrauding small investors out of millions of dollars by claiming that it too has a treatment for ED. The drug is called Vasomax. Vasomax has only one active ingredient, Phentolamine, which is completely ineffective for ED. Zonagen has committed similar frauds in the past and is now the subject of at least three lawsuits.

Zonagen's stock has been artificially propped up through the combination of clever stock promotion and the naive hope of certain investors that Vasomax can somehow capture a small portion of Viagra's market. This scenario is laughable and impossible. Vasomax simply does not work and will not receive FDA approval. Furthermore; Zonagen does not posses the infrastructure necessary to bring ANY drug to market.

Zonagen will soon trade in the low single digits.
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