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Biotech / Medical : Zonagen (zona) - good buy?

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To: Dauntless who wrote (3368)4/16/1998 1:06:00 PM
From: Linda Kaplan  Read Replies (1) of 7041
 
Dauntless,

You don't actually know for a fact what SGP saw and what they didn't see. They take a gamble on many unapproved products and some of their gambles work and some don't. If there are no more milestone payments, or just one or two more, they may not feel they were out much, for their gamble.

A lot of people think this drug doesn't work. I haven't seen this on other stocks I've owned where the products were not approved. On the contrary, when I bought LIPO, everyone seemed to think it DID work. It didn't. In the case of Vasomax a lot of physicians are saying it doesn't work and a lot of people who have reviewed the available info on the trials see indications it doesn't work. Why are so many experts saying it doesn't work? Just to create a good short position for themselves? Why do that when there are things that actually don't work?

Linda
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