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Biotech / Medical : Paracelsian Inc (PRLN)
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To: paul goldstein who wrote (962)12/5/1996 9:59:00 PM
From: Michael Yang   of 4342
 
Paul,

I recently met Dr. Ip from the Paracelsian. He could (or did not
want to) tell me about their marketing plan. My impression was that
they might just do some mail-order business with these herbal extracts. He was not excited about selling the herb through GNC. He believed that the stock price floundered with the lousy biotech sector.

One more thing, he thinks if the herbs can sell well without the clinical trial then he will be happy with this. I then raised concern that their right on the use of the herbs will not be protected in absence of the patent or clinical data which would demonstrate usefulness. But he thinks that PRLN may be able to generate brand name with those herbs. AndroVir or AndroCar? But he also agreed that it would be difficult to do clinical trial when the herbs are on market.

Michael
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