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Biotech / Medical : Centocor ( CNTO )
CNTO 0.000010000.0%Mar 7 3:00 PM EST

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To: PawPr who wrote (730)6/30/1998 3:16:00 PM
From: Mark Oliver  Read Replies (1) of 965
 
Centocor Inc. (CNTO) 37 +7/16: Lehman Brothers continues to rate biopharmaceutical company issue a "buy" as FDA has yet to act on panel recommendation for CNTO's Avakine drug; possible that FDA could respond with a "complete review" letter as opposed to an "approval letter" in which case it could create price weakness in the stock; thinks investors should take this opportunity to aggressively add to portfolio.....

What is a "complete review" letter? Would this be just a delay, or a rejection of the drug?

Regards,

Mark
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