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Biotech / Medical : Imclone systems (IMCL)

IMCL 0.159

0.0%

Oct 5 5:00 PM EST

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To: JEB who wrote (278)	2/14/1999 12:04:00 PM
From: CPAMarty	Read Replies (1) of 2515

What could be the possible reason for the CEO not to put out a PR on the FDA approval? I think is is good that management is not focused on the short term. Perhaps management is using this time to carfully plan and select participants for Phase III. Remember they cannot announce until the first participant is selected. I don't want to see a repeat of the CLPA fiasco. Besides, nothing wrong with building a good base here. If a little delay gives some major analyst incentive to initiate coverage where they might not otherwise have done so, then this will also be good for the current shareholders.

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