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

To: Sean Janzen who wrote (454)	3/13/1999 6:18:00 PM
From: Pete	Read Replies (1) \| Respond to of 792

I have been saying this for a while now. I glad someone concurrs with me.

To: Sean Janzen who wrote (454)	3/14/1999 9:48:00 PM
From: Larry G.	Read Replies (1) \| Respond to of 792

Hi Sean, I heard that only 3% of drugs that enter phase 1 eventually become a drug. Some one told me that: Phase 1 only 20% succeed. (20 out of a hundred 100) Phase 2 only 29% succeed (5.8 of the remaining 20) Phase 3 only 64% succeed (3.7 of the remaining 5.8) I saw a statement from Dundee analyst that confirms 3%. Could some one tell me if phase one success is 20% or 80 %. If 80% is correct please tell me what success rate of phases 2 and 3. Thanks.