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Biotech / Medical : Techniclone (TCLN) -- Ignore unavailable to you. Want to Upgrade?

To: EPS who wrote (2799)	12/17/1998 8:17:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 3702

On orphan drug status, I'm not sure I understand that that is a good thing for TCLN. I read the orphan drug rules and it seems to be a way of easing things for small market drugs which wouldn't be profitable to get to market. I'd rather they turned TCLN down pointing out that TCLN is sitting on a gold mine and there is no need for financial or other support. But the extra help can't be a bad thing though taxpayers could question the need to hand money or special favours to a special interest group looking after their own financial interests. The TCLN stock price increase was obviously a vote in favour. Maurice *OT Reverse split tedium follows* PS: Victor, thanks for the Cytel reference again, but I think it's irrelevant so long after the reverse split. That company sure does have some fundamental problems. Losses of $4 per share x 5 million shares = $20m per year losses. With a market capitalisation of $10m dollars, and rapid spending, they are in some trouble by a superficial examination and there will be more money needed and dilution to get products to market and become profitable. I hope you aren't suggesting the continuing problems they have shows that reverse splits are bad. The time is well past when one could say there is a causal relationship between the reverse split and continuing declines. Well after the reverse split the price was over the pre-split price. So the reverse-split-causes-price-falls theory would need to include a delayed action mechanism. Which is odd since everyone claims to know how bad reverse splits are. Nobody said that reverse splits would change fundamentals. Which is implied by continued watching of Cytel. The story now for Cytel is a story of fundamentals. Nothing to do with a reverse split.