To: JoeinIowa who wrote (12207 ) 1/2/1999 6:46:00 PM From: Tony van Werkhooven Respond to of 29382
In contrast to alteon (altn), you may want to consider Pharmos (pars). PARS has 2 approved (approved 1998) opthalmic drugs, marketed by BOL. Cash from these drugs just starting up. A potential blockbuster based on its HU211 compound(see note below) is entering phase III as soon as a partner is identified- discussions underway, expected identification of partner in 1st. Q 1999. Finally, PARS has a tamoxifen analogue for preventive treatment of breast cancer which is expected to eliminate many of the side effects of the currently approved drug. This has a long way to go however- expected to enter Phase I in 1999. Any potential short term cash flow problems has been resolved through an arrangement where additional shares are sold (up to $10 Million) at the option of the company (in amount and timing, i.e. company cpould sell shares on a monthly basis, hence very different from a floorless). This equity financing arrangement provides additional leverage to the company in negotiating with a Phase III partner for HU211. Note: potential blockbuster- HU211, compound has application in trauma to the brain. Successful Phase II completed in 1998, if approved by FDA following phase III, the drug would be unique in the marketplace with potential market of $1 Billion. Both the SI and Yahoo threads are very active and have many knowledgeable participants from the industry and medical field. This stock, in my opinion, has the potential to come alive very stronly in 1999, as a phase III partner is announced. A yearend 1999 value of $8 (compared to current 1 5/8) would not be outside the range. I would suggest you consider PARS for your DD. The company has a website at pharmoscorp.com Tony