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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Lucky888 who wrote (36023)5/13/1999 11:33:00 PM
From: genejockey  Read Replies (2) of 122087
 
MATX from PR "granting of fast track status does not imply greater or lesser chance of ultimate product approval"

Fast track status means nothing in terms of approval. I think people are being mislead here because it is fast track status for review and not a fast track status for approval. Fast track review has more to do with the severity of the disease that the therapy is aimed at... I believe many potential HIV treatments are given fast track review status. This type of runup is hilarious, typically normal reviews take 1 year, fast tracking it cuts it down to 6 months. At least most biotechs that run up -ie. IMCL- are due to positive Phase III results, MATX is hoping to have Phase III results in 2000. Is a 6 month time savings of a products review (which has no bearing on the product's potential approval) worth a nearly 2.5x increase in the share price in one day? Don't think so. ----- Not Howie/Genejockey on Anthony's new site.

PS. as with any biotech, the efficacy of this therapy is still a crapshoot. ie. maybe they will be able to deliver more chemo than normal to the local area, but maybe this will result in more normal tissue in that area being killed off which could set off an above normal inflammatory reaction which would cause heightened blood flow to the area resulting in the chemo agent being dissipated and not concentrated to the area.... who knows. In science, the most expected and the least expected results never pan out, it's always something inbetween.
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