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Biotech / Medical : QLT PhotoTherapeutics (QLTI)

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To: Edward W. Richmond who wrote (375)	1/6/1999 9:29:00 AM
From: Ian@SI	Read Replies (2) of 1321

Ed, I certainly didn't mean to leave any impression that I was praising ML for its foresight. Far from it... For whatever reason, they seem to be in love with Miravant. In the latest QLT upgrade, they acknowledged that Miravant hasn't even got its phase III trial started nor is there any definite date by which it will be. A nice article in today's Nationalpost / Financial Post pegging the drug's market at about $800M USD / Annum. I suspect that $45 / share targets will be easily exceeded before we get our NDA from the FDA this year. This is one chick that I think can be reasonably counted before it's completely hatched. FWIW, Ian.

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