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Biotech / Medical : Centocor ( CNTO )
CNTO 0.000010000.0%Mar 7 3:00 PM EST

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To: Henry Niman who wrote (835)11/20/1998 2:13:00 PM
From: Biomaven  Read Replies (1) of 965
 
I exited my holding at the opening this morning. The reports of adverse reactions in retreated Crohns patients are probably just a reflection of an impurity in the original formulation (see the ISIS thread for details), but with a stock like CNTO that has a large short position this sort of news tends to be magnified. There appear to be no such reactions in re-treated RA patients, either because they are using the newer formulation or because the patients are on methotrexate.

Thus I'm going to wait on the sidelines for a while, watching for a re-entry point.

Peer
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