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Biotech / Medical : IPIC
IPIC 0.00010000.0%Aug 15 3:35 PM EST

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To: Harmony who wrote (1224)5/16/1998 7:45:00 PM
From: P.Prazeres   of 1359
 
Here are some thoughts on the 10-Q

I think the reason IPIC got slammed this week was because of what was said in the 10-Q...

On CerAxon:
"A placebo response rate unexpectedly higher than that previously reported in the literature may have accounted for the inability to detect a difference in infarct size reduction and neurological function among drug-treated patients, as compared with patients who received placebo. As a result and considering statutory requirements that would have mandated an FDA action by June 1998, the Company has withdrawn its NDA for CerAxon. "
-- did someone accidentally replace the placebo with CerAxon?? Sounds like a stupid question, but why would the placebo response rate suddenly be unexpectedly higher??

2. On Redux.
"The Company does not expect to realize any future revenues related to Redux. "
--ouch! maybe they don't want any perception of the studies being conducted to mean that they are implying that redux is coming back. The results of the studies could mean that the lawsuits have no grounds, which should lift the price...at this point the market has discounted redux revenues altogether. Any hint of it coming back will propel the shares. If the studies show that Redux alone is not a problem, the stock will rise because the lawsuits (product and shareholders) will have little merit.

Just some thoughts.

Paulo
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