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Biotech / Medical : Alteon (ALT)
ALT 4.2400.0%Jan 16 9:30 AM EST
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To: (no name provided) who wrote (239)3/19/1998 4:52:00 PM
From: Bill Tomko  Read Replies (2) of 318
 
There is no way that this news can be viewed as positive;however, I do think you are over looking a coulpe of key facts. 1) Type I while much smaller is still potenially a 100 million plus market. 2) ESRD is also reasonable mkt. 3) until we know what the facts are that the review panel saw we really don't know if the project can be saved or not while small there is still some basis to think it can be saved.See NXCO and WL study of last summer 4) there are additional follow on products in the pipleline which may not have or can be constructed to not have the side effect problems. Please note that there was great question as to if this approach would even prove effective at all. if it can be established that this is an effective treatmnet then it is possible additional research can eliminate or reduce to a reasonable basis the side effect profile.As hard as it is to believe,proof of effectiveness,side effects not withstanding, is progress. Please also recall that when you are dealing with Type II you are dealing with a fairly sick pat. population, accordingly WHEN YOU KNOW what the panels concerns are it MAY be possible to go forward by eliminateing pat. with XYZ condition as canidates for taking the drug.
REMEMBER THAT MILITARY ADVISE; NO SITUTATION IS EVER AS GOOD AS BAD AS IT FIRST APPEARS,KEEP YOUR HEAD!
At this point we need to wait for additional facts, i.e. the damage is done there is only another $4 that can be lost and much more potenailly to be be gained
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