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Gold/Mining/Energy : Inflazyme Pharmaceuticals (T.IZP)

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To: Josh C. Pleasure, M.D. who wrote (65)10/10/1996 11:35:00 PM
From: Sanjay Varma   of 1501
 
Thanks for the information. It puts things in perspective to have a timetable such as this.

I owned Trinity Biotech earlier this year and the stock received a big bounce when they announced a distribution agreement with a large foreign company, Bayer. I was under the impression that Abbott labs would be manufacturing the TB antigen test and so, if this holds true for the upcoming deal, it is not really a distribution agreement but some sort of licensing of patented technology. Still, it will generate a revenue stream.

Regarding the submission to the FDA and the start of Phase I trials: I am glad to have these target dates but I have noticed other small biotechs constantly missing these self-imposed deadlines due to the complexity and expense of such submission and trials. I don't know if Inflazyme is better managed in this regard. IMO it would be best for investors not to grow to attached to these targets.

Finally, about the Biotechnology fund that might invest in IZP, do you have any figure for the number of new shares they might issue? I fear the stock could go down before it shows any significant return.

Thanks again for the great post.
Sanjay Varma
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