Protein Polymer (PPTI) Message Board

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Biotech / Medical : Protein Polymer (PPTI)

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To: Paul Cohen who wrote ()	6/14/1996 7:32:00 PM
From: Fred J Bealle	of 11

Paul, I websearched and found following at www.sddt.com: There is more I did not copy. PPTI has had good backing, lost lots, details to May 95 are on web page. Seems like sound product. Maybe too late to profit, if hitting new highs. fred b. attach: J. Thomas Parmeter Protein Polymer Technologies Inc. Jan. 23, 1995 Johnson & Johnson Development Corp. and several private investors made an equity investment of $2.2 million in Protein Polymer Technologies Inc. The cash infusion increased assets in the developmental-stage company to $3.6 million and will finance operations into late 1995. "The key to our continued progress will be alliances such as the one completed with J&J," says J. Thomas Parmeter, CEO. "We expect such alliances to allow us to bring our products to the marketplace in a relatively rapid and efficient manner." PPTI was spun off from Syntro Corp. in 1988. Syntro developed the genetically engineered protein polymer technology on which PPTI is built. The Sorrento Valley firm develops synthetic material that can be used for bone-bonding and other medical purposes. These materials can be developed as biocompatible elements suitable for stabilizing bone and orthopedic implants and coating internally residing medical devices and implants such as heart valves and vein grafts. Commercial sales of one of the products, ProNectin-F, began in 1991. In 1992 the U.S. Patent Office notified the company that it would grant PPTI a fundamental patent based on technological breakthroughs which made the production of protein polymers possible.

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