Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (21387)	3/16/1999 5:17:00 PM
From: M. LaMancha	Read Replies (1) of 122087

ENMD -- thought you'd be interested in following excerpt from article that sparked the sell off: "It's our belief that drug companies can produce much smaller molecules than angiostatin to block the enzyme's activity," Dr. Pizzo says. Duke has filed for a patent for the binding site it uncovered and has been contacted by several drug makers interested in developing their own drugs, he says. Funds from Glaxo Wellcome PLC helped support the research, and the British drug giant has the first right to develop a drug if it chooses. Meanwhile, EntreMed officials say they are going ahead with plans to test angiostatin in patients, perhaps as early as next year. TOO BAD GLX IS SO HUGE THAT HAVING RIGHTS TO THIS PRODUCT PROBABLY WON'T IMPACT ITS PRICE.

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