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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: nokomis who wrote (79330)1/18/2000 12:31:00 PM
From: Ron   of 120523
 
PHAR gets FDA OK for Heparin

PharmaNetics Heparin Management Panel
Approved by FDA

RALEIGH, N.C.--(BW HealthWire)--January 18, 2000--PharmaNetics, Inc. (NASDAQ NM: PHAR - news),
the holding company of Cardiovascular Diagnostics, Inc., today announced receipt of clearance from the Food
and Drug Administration (FDA) to market the Company's Heparin Management Panel and Accent(TM) system.

This system combines the innovative Thrombolytic Assessment System(TM) (TAS) technology and the currently
marketed Heparin Management Test with two new test cards - the Heparin Titration Test(TM) and the Protamine
Response Test(TM) along with the Accent, a hardware accessory to the TAS analyzer. The Accent is a
microprocessor-based device that automatically calculates the information required by physicians to manage the
anticoagulation of patients during cardiopulmonary bypass procedures.

The TAS is currently marketed as Rapidpoint(TM) Coag by Bayer Diagnostics. The Heparin Management Panel
and Accent system will be marketed by Bayer Diagnostics as Rapidpoint ACCENT with a launch anticipated in
the second quarter.

Commenting on the news of the FDA clearance, Fran Tuttle, Senior Vice President and General Manager, Critical
Care Diagnostics, Bayer Corporation said, ``Coagulation is an important component of Bayer's critical care
product menu to offer a complete diagnostic solution. These new products will add tremendous value to our
critical care portfolio. Our investment in PharmaNetics was aimed at providing access to coagulation products that
satisfy the increasing demand from physicians for timely access to diagnostic results.'
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