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Biotech / Medical : Pharmacopeia, Inc. (ACCL) (Prev: PCOP)
ACCL 4.112+2.8%1:46 PM EST

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To: Jim Lang who wrote (73)5/5/1998 3:29:00 PM
From: John Dwyer  Read Replies (1) of 179
 
Hi Folks,
I find these releases to be quite useful in measuring
progress of different programs. They give a "head's up"
as to whether a program is progressing as expected or is
being slowed down for some reason. I try to have a list
of "events" that I expect might happen over the next year
or two and then see how close companies come to hitting those
events. If you get the research reports on these companies
(some companies will send them along with the investor's pack)
it gives you a head start because the analysts try to do the
same thing.

While we don't know when PCOP expected to hit this milestone,
this is definitely earlier than I expected. I hoped it would
come quickly since this was an internal program prior to the
BMY collaboration, but four months was not even in my best case
scenario (I was hoping for 6-9 months). This program would
appear to be going very well.

John
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