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


To: Biomaven who wrote (2713)1/29/2001 11:10:29 AM
From: Ian@SI  Respond to of 52153
 
Call may not help much. Until the study is fully unblinded, ALXN won't have
much insight into the 2 week vs monthly.



To: Biomaven who wrote (2713)1/29/2001 12:47:15 PM
From: Ian@SI  Respond to of 52153
 
Alexion Pharm (ALXN) 71 -3 3/4: USB Piper Jaffray upgrades to STRONG BUY from BUY and raises price target to $160 as company succeeds in Phase II Rheumatoid study.

+++++++++++++

Peter,

S&P hated the results according to Joe Kernan on CNBC. I haven't seen the report so I don't know. Kernan has been wrong before in interpreting what analysts are saying. ;^)

The trial population does seem a little strange. I would have thought best improvement would be seen in patients with the more advanced symptoms especially given the degree to which patient's subjective judgment is being used to assess efficacy. Again, wouldn't efficacy as measured by CRP be best shown in the more advanced cases?

And wouldn't the company want to know this stuff to better design their PhIII?

Ian.