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Biotech / Medical : CRIS, Curis (formerly CBMI)
CRIS 1.150+2.7%Nov 25 3:59 PM EST

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To: Johan Van Houtven who wrote (26)2/14/1997 8:28:00 PM
From: A.J. Mullen   of 668
 
To my mind "neutral" = negative. To be approved by the FDA, a drug or device has to be shown to be to be significantly better than what's already on the market. It seemed to me that a CEO saying his product was equivalent to one already established was surprising. Usually there is some parameter that is better, and this is stressed. Perhaps this was an honest no-hype presentation to medics. As I say, I was surprised.

I sold, and locked in a 75% gain. I was already somewhat concerned that, although there are many developments in the pipeline, they all seem to be based on one molecule. Can anyone comment on that?

Not panicked, just cautious but ready to be re-convinced.

AJ
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