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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: david james who wrote (1154)	6/1/2000 3:50:00 PM
From: Biomaven	Read Replies (1) \| Respond to of 52153

I agree with david on the issue of who is doing the trading here. The fact that the more significant move was on the Phase III data means that it is likely not the company insiders that are trading but rather those associated with the large trials - whether doctors, patients, CRO's or whoever else. This issue is compounded by the little-discussed fact that some so-called double blind trials aren't really double blind at all, because there's some side effect that reveals which is the real stuff - skin turns green or whatever. For a less-jaundiced view ("it's just the smart money") see Rick's post on this: Message 13805281 Be interesting to read the full text of the article if anyone finds it somewhere on the web. Peter