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


To: aknahow who wrote (40)7/3/2001 11:04:01 PM
From: Mark Bong  Read Replies (1) | Respond to of 78
 
Probably a good entry point. It seems that labeling issues are the major FDA concern about Plenexis according to PRCS and AMGN in addition to some (resolvable) manufacturing issues outlined in a recent FDA letter. However, it is still too early to tell, and PRCS has not released the contents of the FDA letter to the public. If Plenexis is approved, you will probably get a nice bounce, but disapproval will probably result in more downside. I would not look for much before Q4, if then IMO. Good Luck.