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Biotech / Medical : Insite Vision Inc.

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To: steve dowling who wrote (699)	4/8/1998 7:44:00 PM
From: Joe Senesac	Read Replies (1) of 1060

I spoke with Mike Baer today. When I asked if Insite was going to meet the March to April 15th time frame for some sort of partnership announcement, he now said that he didn't think so. When I asked what would be a new target, he wouldn't give any dates. He did say that a couple of additional potential partners have talked to Insite now, so there is more competition. There will be no announcement next week. I would guess not until June or July at the earliest. I think the only announcements will be in early May for the opthamology conference in Florida (as Mike told me). Yet again, more talk, little action. I sold my position today, perhaps I will reenter in a few months. I have held Insite for approximately 3 years, I am tired of the products that will soon come to market but never do. I bet that by the 15th, Insite is back in the $2.75 range when no announcement again materializes and all know.

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