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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Bob Trocchi who wrote (9596)6/3/1998 12:03:00 PM
From: Peter V  Read Replies (3) of 18691
 
Hey Bob, looks like ZONA heading your way today. Why the movement? Saw this tidbit, but it didn't look damaging, unless you figure out that there is only a 15 percent increase in the number of patients that are actually helped by the drug (53% of patients taking drug vs. 38% of patients taking placebo acheive same results), but I didn't think the market was that smart:

biz.yahoo.com

-- Zonagen Inc. (ZONA - news) said Tuesday its anti-impotence drug Vasomax was ''well-tolerated'' during a phase III clinical study, producing nasal congestion in some patients.

The company said in a statement that 51 percent of patients taking oral phentolamine, or Vasomax, were able to achieve penetration 75 percent of the time on a dose of 40 mg.

The company said 53 percent of patients taking an 80 mg dose achieved penetration 75 percent of the time. Thirty-eight percent of patients taking a placebo were able to achieve penetration 75 percent of the time. Zonagen shares closed at 36-12/16.

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