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Company Interview Excerpt
LONNIE MOULDER - MGI PHARMA INC (MOGN)


Full article published: 08/26/2002


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TWST: Would you begin by sketching out the current vision of MGI PHARMA and then give us a few of the highlights in the history of the company?
Mr. Moulder: MGI PHARMA today is an oncology-focused pharmaceutical company. Our strategy is to acquire proprietary products, develop and commercialize them. When we say 'acquire,' we do not conduct internal discovery, so acquisition to us means either obtaining rights to a license arrangement for a product candidate, outright purchase of a product or co-promoting a product that is already commercialized.

TWST: Is it in every case a product that's pretty far along in development?
Mr. Moulder: Yes, we focus on products that have already demonstrated some activity in human clinical trials, preferably in the later stages.

TWST: Would you give us some examples of typical products?
Mr. Moulder: A product that we conceived and developed in-house and currently market is Salagen' Tablets. It has two indications: one is in oncology, where it's indicated for the treatment of xerostomia, or severe dry-mouth symptoms associated with radiation therapy for patients with head and neck cancer; it also has an indication for the treatment of dry mouth symptoms in patients with Sj”gren's Syndrome, which is an autoimmune disease that damages the salivary glands. Salagen Tablets is our lead commercial product, and our sales and marketing organization promotes Salagen to the oncology and the rheumatology communities.

 

Tickers included in this excerpt: MOGN

 

For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.