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To: scaram(o)uche who wrote (10857)6/13/2002 12:27:05 PM
From: scaram(o)uche  Respond to of 17683
 
Bill Griffeth:

You are correct. There was tons of enthusiasm re. potential cancer cures in the late 90s.

There still is. Drug development takes time. The generation of "new target" drugs is just hitting the clinic. Gleevec is a peek, as Novartis ran early and hard.

The new **targets** generated most of the enthusiasm of the late 90s. The EGF receptor was wound up in that, point taken. However, one can rest assured that exciting successes -- against a variety of cancers -- are virtually assured in the next 15-20 years.

I have significant background and interest in cancer biology and immunology. I have been one of the most vociferous of critics of most industry-oncology programs.

There are good companies, there are bad companies, and there are sloppy companies. IMO, Imclone was sloppy with intent. Let's move on, instead of damning sincere efforts with broad strokes. We're talking medicines and cancer, and the new age of target-driven discovery is only about five years running.

Thank you.

Rick



To: scaram(o)uche who wrote (10857)6/13/2002 12:33:04 PM
From: scaram(o)uche  Respond to of 17683
 
"boutique hedge funds"..... Art Cashin.

"today's daytraders, just like in the dotcom bubble".... Art Cashin.

Good job!