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Biotech / Medical : QDEL - Quidel more quick diagnosis

QDEL 19.74

-3.1%

3:59 PM EST

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To: Robert Busse who wrote (1444)	3/31/1998 3:50:00 AM
From: Mike Relyea	Read Replies (1) of 1693

Bob, Here's Biota's press release on Relenza: Major Milestones for Biota's Influenza Drug, Melbourne, Australia, 30 March 1998. biota.com.au Biota Holdings Limited has announced that an application to market its influenza drug, Relenza TM (zanamivir) will be filed today with the regulatory authorities in Australia.. . . . . Following completion of current Phase III trials in the United States and Europe, filings should take place in the rest of the world later this year. . . . . . Biota's stock closed significantly up on the news. The last "official" comment I heard about Quidel's flu test was made by Mr Frankel in Quidel's the 3rd quarter conference call. If I remember correctly, he said that pre-clinicals were completed. Quidel's targeting FDA approval at the same time Glaxo's Relenza is approved - hopefully 18 months from the CC in January. With all the recent news about the Hong Kong chickens, I just can't imagine Glaxo won't be getting some good press this year about Relenza's prospects. Hopefully then some smart analyst will point out Glaxo's and Quidel's test relationship. Mike

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