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Biotech / Medical : IGEN International
IGEN 0.00010000.0%Dec 12 9:30 AM EST

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To: James Perry who wrote (319)4/14/1998 8:15:00 PM
From: John Zwiener  Read Replies (1) of 1025
 
Lots of buyers coming in at 37. Probably the bottom. Price swing pretty much expected. A chance to buy if one wanted to.

James, I looked into that that company doing environmental testing, and it looks like it was an application for a grant around 2 years ago. It doesn't look like it was funded, but I'm not sure. Of interest is that it is to be used for heavy metals, among other things. Before, I was not sure how well it would work for this, but someone thinks it will work.
The instruments wouldn't be a 2010 or 1010 because BMY's license excludes this application. If it is an Igen instrument, then it would be supplied by Igen. Also, there are other forms of ECL, but they aren't as good as the ruthenium signal because it is the only one that can produce sustained light production, while the others only produce a burst of light. The ruthenium therefore give greater sensitivity with less amounts of target to be detected.

Overall, things continue to be good, and we have a stock where news is probably going to be very good. We have a number of things going on where the news is due within a couple of months.
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