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Biotech / Medical : Alteon (ALT)
ALT 4.2400.0%Jan 16 9:30 AM EST

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To: Bill Tomko who wrote (247)7/1/1998 1:21:00 PM
From: Mac S. Giballa  Read Replies (1) of 318
 
You're right. I expect positive efficacy results for the ACTION I study, and the safety profile can't be too bad or the ESMC wouldn't have alowwed them to continue- in fact, given the safety issues with ACTION I, there's no way they would have allowed ACTION 1 to continue unless efficacy looked good. So, I tyhink the stock's almost sure to get a big ride this fall-winter. In terms of filing an NDA and getting FDA approval, who knows. No matter what, the second generation products look promising, and I believe that this stock is unbelievably cheap, so I keep buying, I'm averaged down to $4.50 now.
Good luck...
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