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Biotech / Medical : MGI Pharma MOGN New patents, anti cancer

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To: astro who wrote (1151)12/24/1998 9:59:00 AM
From: David Cathcart  Read Replies (2) of 1826
 
The NCI has added a second non-small cell lung cancer PII trial:

cancernet.nci.nih.gov

The first NCI trial for non-small cell lung cancer was for advanced or recurrent cancer. The one is for recurrent or *refractory* non-small cell lung cancer.

This is the fifth NCI sponsored PII trial. Every NCI sponsored trial is another opportunity for MGI-114 to demonstrate its efficacy and the only cost to MGI Pharma is that of supplying the drug. Such a deal.

My MOGN predictions for 1999:

Very encouraging efficacy in each of the company sponsored PII trials.

The completion of the Euro deal and Blitzer will be the hero for sticking to his guns about not giving up US rights.

Surging Salagen sales and a continuing profit in spite of the increasing MGI-114 development costs.

A stock price of $40, and it could be double that if it looks like we will get fast track approval for pancreatic cancer.

Merry Christmas everyone!!!

David

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