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Biotech / Medical : Alliance Pharmaceutical

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To: John R Resseger who wrote (223)	3/31/1998 4:10:00 PM
From: All Mtn Ski	Read Replies (2) of 548

Wow, looks like I missed all the excitement on this Thread! I concur with all your fine points... To Bob: I don't think anyone expected Oxygent to be approved in 1994, and I don't believe Alliance has been anything but forthcoming in communicating the various stages of development its drugs are in. Someone must have fed you the wrong info. I agree if J&J pulled out this stock would tank, but I don't believe they will. J&J owns a lot of stock at 15 and has met all the royalty payments with each achieved milestone. For J&J, by investing in these Bio-Techs, they expand their pipeline at a much lower cost than going at it themselves... To John: Short position as of 3/13/98: 817,402, up 8.4% from Feb. Tom

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