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Biotech / Medical : FDA THRESHOLD: LOWER-RISK BIOTECH INVESTING

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To: opalapril who wrote (15)10/2/1999 1:19:00 AM
From: Micro-Selector  Read Replies (1) of 75
 
Anyone here looked into BSD Medical?

I've been following closely since early 1999 and based on my DD and contact with management, current situation looks very promising (I've added some links more complete info):

Website: bsdmc.com

FDA approval - Recently announced clinical trial for treatment of advanced cervical cancer with the BSD-2000 and radiation therapy was a Phase-III clinical trial. This is now the recommended "first line therapy" with health insurance reimbursement in Holland (approved for health insurance now in several EU countries). Data from this clinical trial currently being reviewed for full FDA approval in US and being published in major medical journal.

bsdmc.com
bsdmc.com
bsdmc.com

Expected earnings - To be released in audited annual 10K in November. Hard to estimate as CE Mark which will allow to fill backlog of sales to EU still pending (expected at any time) and FDA approval could generate significant sales.

bsdmc.com
bsdmc.com

Current Sales - Growing interest in the BSD-2000/3D technology, BSD Users Conference in Rotterdam in 9/99 resulting in new orders, plan to release sales backlog figures in near future. If FDA approval received, could significantly boost sales in US.

Competition - BSD-2000/3D technology already touted as best hyperthermia treatment available for deep cancers not responding to current therapies. Cancer treatment competitors such as CELN are far from FDA approval. The two companies currently marketing BPH (enlarged prostate) treatments are forced to pay patent license fees to BSD. BSD currently has 34% stake in TherMatrx which is using this patented technology and is close to bringing its own BPH treatment to market. Competitors with alternate technologies (such as PECX) have little market presence and trade at 10X BSD's current price.

bsdmc.com
bsdmc.com
bsdmc.com
bsdmc.com
bsdmc.com

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Whether this is a "hidden gem" or not, remains to be seen. Certainly worth a look though for investors (like me) who prefer "out-of-favor" or "emerging technology" companies. An OTC:BB company that files with SEC, has $2M in cash, is on verge of FDA approval, is major competitor for NASDAQ companies trading at 10X the price (MSON, ULGX, PECX), and has growing presence in market estimated at $4.4 billion (cancer treatment) and $10 billion (BPH treatment) by Year 2000 at least has to qualify as a "major find"!
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