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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID
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To: I. Luttichuys who wrote (330)1/31/1997 6:54:00 PM
From: Brad C. Dunlap   of 1762
 
Hi Bennett, I was told not to expect earnings until late Feb. since this is the 4th quarter and year end. It is very possible that Idec will show a nice profit for the 4th quarter and we'll see the exact amount that SmithKline paid Idec for achieving their milestone of initiating phase III on CE9.1. I believe for the nine months ending 9/30 that Idec was cash flow positive which is quite an achievement for not having a product on the mkt. Sure speaks well of management.
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