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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: Don Cheng who wrote (394)2/28/1997 3:21:00 AM
From: I. Luttichuys   of 1762
 
Hello Don, My feeling is (and its just my speculative opinion) that we have had some very positive news but, being as we have been without any analyst coverage whatsoever, there has been little attention or, for that matter, interpretation brought to bear. I feel the news we need to see greater appreciation than what we have recently enjoyed is all there. Of course more news won't hurt but, my feeling is, it will be the initiation of coverage at Merrill Lynch and the just released coverage from Credit Suisse First Boston that may bring this attention.
Naturally the application to the FDA and eventual approval will be supportive but, I guess what I'm saying is that, I think our real problem has been not the lack of news but the lack of coverage to sort of put these factors into perspective.
I see initiation of coverage by Eric Hecht at his new postition and the application to the FDA getting us past 25 where we may have this pressure as some may feel that the last time we were at 25 (and they bought) they were left holding the bag.
I feel when this happens (getting past 25) we should have a strong move. We have had nothing but positive and, again, we all know biotechs look appealing. This may be the next sector to show strength all other things (market health in general) being equal.
I don't take the CLTR thing too seriously. They seem to be substantially behind and the market looks to be taking this view as well. So far, this is one IPO which seems to have done nothing.
Hope you had a good evening,
BENNETT
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