1.   Becker is a biotech analyst with Wayne Hummer Investments LLC in Chicago.

2.   Biotech stock analysts point to a string of cases in which the FDA has delayed approvals and sought additional test data in the past year.

3.   A downgrade of some of the leading biotechnology stocks by Lehman Brothers biotech analyst Rachel Leheny on Monday erased most of their stock price gains made in late March.

4.   But Jonas V. Alsenas, the biotech analyst at ING Barings LLC, said Biogen could easily make up the Avonex revenue shortfall in the second and third quarter.

5.   Cynthia Robbins-Roth, a biotech industry analyst in San Mateo, said Geron has proven adept at garnering attention for its novel and provocative approaches to biotechnology.

6.   Jay B. Silverman, a senior biotech analyst with Robertson Stephens Inc. in New York, said he expects Angiomax to perform well against heparin.

7.   Now, some biotech analysts are questioning that premise.

8.   Still, Miller, a veteran biotech stock analyst, acknowledges the terrible timing in starting a fund during one of the worst months on Wall Street.

9.   The shopper rarely sees any direct advantage from genetically modified foods, says David Wheat, a biotech industry analyst with the Boston-based Bowditch Group.

10.   Scientists not connected with the research and biotech industry analysts said the finding could be significant.