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Biotech / Medical : QDEL - Quidel more quick diagnosis
QDEL 28.14+5.8%3:59 PM EST

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To: Robert Busse who wrote (439)2/24/1997 6:58:00 PM
From: Mike Relyea   of 1693
 
Bob,

Glaxo wouldn't be spending the big bucks need for a Phase III trial if it didn't think GG167 had a high probability (my guess: above 80 percent) of getting FDA approval. We should get an announcement by Glaxo soon, and I wouldn't be surprised if Quidel provides an update on its progress in developing a flu test. This should insure continued funding by Glaxo for the development of Quidel's flu test.

World-wide filing for zanamivir, GG167, is planned to take place in the second half of 1998. That's only one a year from now. Speculation on the successful outcome for the test and treatment should have a positive effect on Quidel's stock, since with more than 350 million cases of influenza around the world each year, there's no doubt a Quidel test and Glaxo treatment will be huge sellers.

biz.yahoo.com

Mike
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