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Biotech / Medical : Zonagen (zona) - good buy?
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To: Graystone who wrote (4777)7/12/1998 12:24:00 AM
From: Craig Markell  Read Replies (2) of 7041
 
Here's the latest info my buddy has passed onto me about Zonagen.
Our first royalty check from Mexican sales is due very shortly, and no, it won't be very big at all, but it is revenue. I also heard that after the US NDA, there will be a European filing AND one in Latin America. Zonagen also plans 40 million in advertising campaign. They hired a company to assist them with this. Hopefully we will get our recommendation from Alex Brown very soon. They were about to put out a buy recommendation a couple of months ago just before the run up in the 30's, but got scared away when they saw the price very close to their recommended target price.

Keep your eyes open boys and girls....
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