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Biotech / Medical : Gliatech (GLIA) -- Ignore unavailable to you. Want to Upgrade?


To: Vector1 who wrote (1710)8/29/2000 10:00:40 AM
From: Madharry  Read Replies (1) | Respond to of 2001
 
is there a reason that they would not make this fda letter public?



To: Vector1 who wrote (1710)8/29/2000 10:54:20 AM
From: Torben Noerup Nielsen  Read Replies (1) | Respond to of 2001
 
V1,

I agree. I do not make decisions that cost me around $400K lightly either, but this morning, there was nothing else that made sense.

I'm afraid the lawyers are already preparing the lawsuits. Any previously weak cases just got strengthened. Moreover, there is a very real potential for investor lawsuits since it appears that Gliatech didn't disclose *something*. Whatever it is.

My one consolation is that my Viropharma holdings are making up for the loss. As is Biotransplant :-)

Thanks, Torben