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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Cacaito who wrote (6514)5/10/1999 9:09:00 AM
From: Linda Kaplan  Respond to of 7041
 
Lehman just quoted SGP, I think. It's meaningless in view of FDA rejection. BIG NEWS THIS MORNING!!!!

Bloomberg 8:55AM:

ZONA, SGP, SEE FDA REJECTING IMPOTENCE PILL! ZONA DECLINES TO DEFEND DRUG BEFORE FDA PANEL. ZONA PLANS TO SUBMIT DATA FROM MORE RECENT TRIAL. TRADING IS HALTED.

I comment on this: If they resubmit they have to start over, a full year to wait. What happens to the milestone payments?

Linda