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Biotech / Medical : Gliatech (GLIA)

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To: jeffbas who wrote (1388)2/27/2000 5:16:00 PM
From: Torben Noerup Nielsen   of 2001
 
Jeffrey,

As pointed out by several surgeons, tearing the dura is not all that easy. It's evolved to be *tough* for good reason and I'm convinced that dural tears are primarily caused by incompetent surgeons. And ADCON use is *not* indicated in cases where there are dural tears.

Patient lawsuits are a matter of course. Yes, I'm biased, but I find it hard to imagine a medical supplies company that doesn't have at least one patient lawsuit pending at any given time. That's part of the cost of doing business. Moreover, I believe such suits are usually settled if there's any merit at all.

And given the increased FDA scrutiny, is it really likely that there's a big smoking gun here?

Finally, there's ADCON-A and the biotechnology side of the company which *still* isn't priced in at all.

I think I'm going to start daytrading this one for a fraction of a point here and there. As far as I can tell, it appears to be basing.

Thanks, Torben
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