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

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To: Micro-Selector who wrote (17)10/2/1999 5:59:00 PM
From: Edscharp  Read Replies (1) of 75
 
Ok, consider this. A company is about to begin Phase III trials whose final FDA approved product will be an undisputed blockbuster. During the year and a half clinical trial period this same company has an established growing income stream based upon products that are not in the biotech arena. Thus, regardless of the outcome of this company's Phase III trials the stock price continues to increase. Anybody intrigued?

Such a company may be Empyrean Biosciences (EMDG). Empyrean is about to begin Phase III trials on their vaginal contraceptive gel for the prevention of sexually transmitted diseases (including AIDS). This is estimated to be a $300M market in the USA alone. Perhaps $600M worldwide.

In the interim, Empyrean is also marketing a non-alcohol, non-triclosan hand sanitizer also under the Preventx name. They are currently marketing this product thru Popular Outfitters, a sporting-camping store. But, more importantly the hand sanitizer is being test marketed at select Walmart stores in the mid-west. Empyrean is currently awaiting final approval from Walmart for a national roll-out.

Empyrean will follow-up their hand sanitizer with hand-wipe and baby-wipe products which are scheduled for marketing next year. With final approval from Walmart this very small company could see a huge boost in their revenue.

This stock is also very timely as Walmart's final decision should be made in the very near future.

Anybody interested in looking into this company further should check the Raging Bull message board which is very active, and with the inevitable ocassional exception, very bullish on EMDG.
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