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Re: Jonathan Robinson post# 33201

Monday, 08/28/2006 9:30:03 PM

Monday, August 28, 2006 9:30:03 PM

Post# of 253252
NBIX – If your assertion about the timing of the FDA meetings is correct (as I’m sure it is), I would say the company’s scheduling of the option re-pricing on Sep 26 makes the odds against good news from the FDA meetings overwhelming. This is as strong a harbinger of the outcome of an FDA meeting as I’ve seen in a long while.

By the way, I assume that top management will take care of itself too in due course. As you know, timing option grants to follow bad news is not a securities violation (although perhaps it ought to be). Regards, Dew

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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