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Biotech / Medical : Aronex Pharma (ARNX)

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To: GTC Trader who wrote (183)11/16/1998 4:06:00 PM
From: Sam Lee  Read Replies (1) of 320
 
Sell on news seems to be the order of the day. The news was good. My source thinks Aronex is now in good enough shape to get through another 12-18 months during which time the company will probably hit certain milestones that will add more money to the kitty.
Patient acquisition re nyotran to be completed by the end of December and then NDA by May will get us more payments.
Another conference call to be held soon for questions.
The company will get more institutional sponsorship as time goes by now that they have this deal.
My source says that this is a $12+ stock w/i 12 months or less.
The sleeper is atragen. That could be really big according to a doctor friend who likes the prospects.

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