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Biotech / Medical : GelTex Pharmaceuticals (GELX)
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To: Robert L. Ray who wrote (70)9/2/1998 12:33:00 PM
From: EACarl  Read Replies (2) of 127
 
This morning looked like all selling, just no buyers, not big volume though. I was concerned that sometimes a drop like this precedes the bad news, so I called IR.

I was given the typical line about the market being down and
biotechs in general being down. I was told that there are no
upcoming press releases and that all is well.
They expect approval of Renagel by Nov 3rd. They also said there are a number of conferences coming up in
Sept/Oct that
could renew exposure for the company.

Bought more at 15$ even.
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