Dutton & Associates Announces Investment Opinion on Neurobiological Technologies: Buy Rating Maintained in Update Report.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by J.M. Dutton & Associates EL DORADO HILLS, Calif.--(BUSINESS WIRE)--April 16, 2003 J.M. Dutton & Associates continues coverage of Neurobiological neu·ro·bi·ol·o·gy n. The biological study of the nervous system or any part of it. neu  ro·bi Technologies (Nasdaq:NTII NTII Neurobiological Technologies, Inc. ) with its update report maintaining a Buy rating. The 6-page report by J.M. Dutton senior analyst Sherry Grisewood, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , is available at www.jmdutton.com as well as from Bloomberg, Zacks, First Call, Multex and other leading financial portals. Clinical data for Neurobiological Technologies' lead product for Alzheimer's disease Alzheimer's disease (ăls`hī'mərz, ôls–), degenerative disease of nerve cells in the cerebral cortex that leads to atrophy of the brain and senile dementia. , Memantine, continues to support a high probability of FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval. Results of two separate studies have been recently presented at the American Medical Directors Association annual meeting and at the prestigious American Academy of Neurology The American Academy of Neurology (AAN) is a professional society for neurologists and neuroscientists. As a medical specialty society it was established in 1949 by A.B. Baker of the University of Minnesota to advance the art and science of neurology, and thereby promote the best Annual Meeting held in Honolulu, Hawaii in early April. NTII's U.S. marketing partner, Forest Laboratories, remains optimistic the FDA will issue an action letter regarding the Memantine submission by the end of 2003. Forest Laboratories' pivotal diabetic neuropathy Diabetic Neuropathy Definition Diabetic neuropathy is a nerve disorder caused by diabetes mellitus. Diabetic neuropathy may be diffuse, affecting several parts of the body, or focal, affecting a specific nerve and part of the body. trial is undergoing data analysis. The last patient was out of follow up in late December and headline study results are expected before the end of April 2003. Paul Freiman, NTII CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , noted on April 8 that the Company is preparing to begin two Phase III trials during the current quarter for the use of Xerecept in the treatment of peritumoral brain swelling. About Dutton & Associates Dutton & Associates is one of the largest independent investment research firms in the U.S. Its 19 senior analysts, primarily CFAs, have expertise in many industries including healthcare, technology, finance, banking, mining, gaming and energy. Dutton & Associates provides economically bias-free, continuing analyst coverage of enrolled companies, and its research, estimates, and recommendations are carried in all the major databases serving institutions and online investors. The cost of enrollment in the Dutton & Associates one-year continuing research program is presently U.S. $25,000 prepaid before commencement of its research activities. Dutton & Associates received $24,000 from the Company for coverage for the year. Dutton & Associates does not accept payment of any of its fees in company stock. Its principals and analysts are prohibited from owning or trading in securities of covered companies. Please review full disclosures, analyst background, and company rating history at www.jmdutton.com before investing. |
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