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Biotech / Medical : Lorus Therapeutics Inc.

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To: Mark who wrote (110)	4/17/1998 4:38:00 PM
From: Carter Berezay	Read Replies (1) of 279

Hi Mark and Brad, I haven't heard the Phase III is done. Creditfinance analyst Jean-Luc Berger says he saw the phaseI?II results and says Virulizin has a good chance of getting overall good results. He suggests waiting 2 months to see positive results coming out of the company. He said, "Virulizin, approved by the Mexican government last year, should also have a distribution partner by the time of the Company's annual meeting in May." Mark, this is not Phase III approval. It has to pass Phase III in the country where it will be sold!!! He is predicting $2.25 per share for his 12 month target price, down from his original price target of $2.50 per share. Myself, I can't see why the stock shouldn't hit $9.00/share if the Virulizin results are very positive. Hang in guys. You've waited a long time. It seems that investors bail out before the major price movement - just because of being discouraged by the lack of positive results. May meeting be my next bailout target date if nothing happens. Annual meetings are always "positive" and the place to make some good announcements. The price is hanging on 70 cents today. Next week, another market! Carter B. PS Brad, I'm a passive investor. I never contact the company for new news. I just research old reports or stock analyst's research papers.

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