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Biotech / Medical : IMNR - Immune Response

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To: Robert DeHaven who wrote (285)3/17/1998 4:38:00 PM
From: jake burns   of 1510
 
I think the stock fell on news from Immunex' president that he was optimistic that Enbrel, their rheumatoid arthritis drug, would get fda fast track approval by year end. IMNX was up over 3 bucks today off the news. What do the immunologists out there know about Enbrel vis-a-vis IMNR's product? Which has had better trials? Do they directly compete with each other? It would be nice to get some good news. The company has stated that they hope to have corporate partnership(s) announced this quarter. We've got 2 more weeks. I suspect that would bump the stock up a bit. The announcement today re: the patent litigation certainly was good news. But we still can't break through the 11 dollar barrier. I'm very bullish, though.
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