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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?


To: Hippieslayer who wrote (22761)6/26/1998 10:09:00 PM
From: bob zagorin  Read Replies (4) | Respond to of 32384
 
actually FUGAZI if you and tony don't like her, i'm gonna write my congressman and ask him to campaign for her. in fact, i know one of our senators (wyden) who is on that committee<g>.

and since robert barry (another guy i like) asked (hope this doesn't annoy you tony but you know we all have to make our own investment choices), BOP is still up in positve yellow but declined slightly today. the volume was light most of the day but picked up significantly late in the day but i'm not sure how that affected BOP as i only get the feed at the end of day. the short term moneystream indicator turned up. hope all this "spinning" doesn't make you dizzy tony<g>



To: Hippieslayer who wrote (22761)6/26/1998 10:11:00 PM
From: jayhawk969  Respond to of 32384
 
Fugazi,

Dow Jones 6/23

Washington -- President Clinton has nominated Jane E.
Henney to serve as a commissioner on the Food and
Drug Administration (FDA), according to a written
statement from the White House.

The White House noted that if Henney is confirmed by
the Senate, she will be the first woman to serve as a
FDA commissioner.

Henney is a physician and cancer specialist. She has
served since 1994 as the vice president for health
sciences at the University of New Mexico. From 1992 to
1994, Henney served a deputy commissioner for the
FDA and from 1985 to 1992, she served as an interim
dean at the University of Kansas.

Carl Feldbaum, president of the Biotechnology Industry
Organization, said his group will watch the confirmation
proceedings closely.

"The biotechnology industry has more than 300 drugs at
the FDA in various stages of clinical trials," Feldbaum
said. "The stakes have never been higher for the biotech
industry.

"We are looking for a very strong manager.
Administrative delays at the FDA carry a very high
price," Feldbaum said. "We also need a strong leader to
ensure the FDA gets sufficient funding from Congress.
We intend to be very active."

The association represents 780 U.S. biotech companies.

-Otesa Middleton contributed to this story;
202-862-6654



To: Hippieslayer who wrote (22761)6/26/1998 10:18:00 PM
From: jayhawk969  Read Replies (1) | Respond to of 32384
 
Fugazi,
This is the one you read.

WSJ 6/26

The Wrong Choice for the FDA

By HENRY I. MILLER

The Food and Drug Administration has been without a
commissioner since David Kessler's departure in
February 1997. Even in the best of times, it is a difficult
job to fill. The press of issues ranging from drug
approvals and recalls to food safety makes it grueling;
the pay is far less than top candidates can command in
the private sector; and former commissioners have not
typically advanced to better jobs.

Jane Henney, vice president of the University of New
Mexico's Health Sciences Center and a former FDA
deputy commissioner, was nominated for the top job
Wednesday. Dr. Henney is a quintessential Clinton
choice: a true believer in arrogant, intrusive,
damn-the-expenses government regulation. While she
was deputy commissioner (1992-94), the regulatory
burden on drug companies grew. The drug-development
system in the U.S. has become the slowest and most
expensive in the world, with development times more
than doubling to almost 15 years since 1964, and the
average cost of developing a single drug rising to more
than $500 million from $359 million just between 1990
and 1993.

The agency's scope is so sweeping
(encompassing, among other things,
cardiac pacemakers, X-ray machines,
condoms, home pregnancy-testing kits,
drugs, vaccines, artificial sweeteners
and fat substitutes) that a single person
cannot be expected to master the body
of science, medicine, pharmacology
and engineering involved. Beyond
those areas there is also "regulatory
science" and law. The FDA's
professional staff frames the issues and options, while
the agency head sets the overall tenor, manages the
far-flung empire and makes the final decisions on
difficult policy questions.

The FDA commissioner's management and
decision-making must meld law, science, medicine and
regulatory precedents in a way that maximizes the public
interest. The agency head needs to earn the respect of
those who have a stake in the FDA's policies and
decisions--patient groups, individual consumers, drug
companies and Congress--through candor and
consistency. But as deputy commissioner, Dr. Henney
was considered unapproachable and intransigent by both
industry and her colleagues.

What's more, her decisions often appeared to be
motivated by politics. As co-chairman of the Public
Health Service Task Force on Breast Implants in 1992,
Dr. Henney collaborated prominently in the disastrous
government decisions that needlessly left millions of
women fearful and confused and that destroyed the
silicone-implant industry. As an FDA official, Dr.
Henney was willing to delay the approval of certain
politically incorrect products (bovine somatotropin, a
protein that enhances milk production, opposed by Vice
President Al Gore and his staff) and to expedite others
(a female condom with dubious efficacy, lauded as a
"feminist" product by Health and Human Services
Secretary Donna Shalala).

The next FDA commissioner must be committed to
regulatory reform. The FDA needs to streamline its
existing regulatory procedures and requirements in ways
that will significantly cut the time and costs of drug
development. The agency's managers must be made more
accountable for their decisions, especially when they
delay important new drugs, vaccines and medical
devices. But during her tenure at the FDA, Dr. Henney,
who supervised all of the agency's operating divisions
(which oversee clinical testing, review and approve
products, ensure compliance with regulations, monitor
side effects and issue product recalls), showed no sign
of perceiving the need for reform.

Indeed, a congressional effort at substantial reform was
sabotaged last year by the very senator who is
championing Dr. Henney's nomination, Edward M.
Kennedy (D., Mass.). Dr. Henney's husband, Robert
Graham, is a liberal health-care lobbyist and a former
Kennedy aide.

The FDA commissioner should be insulated from
politics and willing to take the heat for unpopular
decisions. Dr. Henney was invariably willing to go
along to get along. She capitulated to the White House
not only on matters of policy (which may be
appropriate), but also on decisions that concerned
individual products and personnel. When the Clinton
administration took over in 1993, Dr. Henney shuffled
civil servants around on instructions from Mr. Gore's
staff, a contravention of civil service regulations.

The FDA regulates products accounting for
approximately 25 cents of every consumer dollar--worth
more than $1 trillion annually. Milton Friedman has
observed that some government agencies interfere in the
free market because they mistrust freedom itself. Dr.
Henney has helped make the FDA into such an agency.
The Senate should reject her nomination lest she further
politicize the powerful agency.

Dr. Miller is a senior research fellow at Stanford
University's Hoover Institution and the author of "Policy
Controversy in Biotechnology: An Insider's View" (R.G.
Landes Co., 1997). From 1979 to 1994 he held various
positions at the FDA.