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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (4579)3/3/1999 9:31:00 AM
From: CMason  Read Replies (2) of 4634
 
HEPH has really plummeted over the last two days. In addition to the departure of their President (ex Drexel Burnham guy, LOL), and a shaky sounding release that they're starting Phase I/II trials for an unidentified AIDS/HIV compound, I wonder if this had anything to do with it:

Trials show DHEA ineffective for Alzheimer's
SAN DIEGO, March 2 (Reuters) - Drug company Neurocrine Biosciences (Nasdaq:NBIX - news) said Tuesday clinical trials of the dietary supplement DHEA showed it to be ineffective in treating Alzheimer's disease.

The company had been studying the neurosteroid in a phase II/III trial since anecdotal evidence suggested it might be useful in treating the disease.


You had speculated some months ago that DHEA was the basis of at least one of the company's investigational drugs.

Regardless, the decline is certainly helping my position with this stock!

Regards,

CMason
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