CMTR-CHEMTRAK FDA OK Message Board

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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: warren kaplan who wrote (732)	5/13/1997 11:41:00 AM
From: William Presti	of 1172

Now that the fanfare surrounding the home HIV test kits has faded, I wonder if the sales have as well. I don't see that JNJ's Confide test kits move all that well. There doesn't seem to be much advertising either. So, maybe JNJ will abandon Confide the way they did the Cholesterol test kit? This is just speculation, but they have set the precedent of dumping products which did not meet expectations. That would be good news for a small company like Chemtrak. It would take a major competitor out of the market. What is peanuts for JNJ would be candy for CMTR. Anyway, did you notice that Home Access Health has dropped the price of their own HIV test kit? The basic one is selling for around $30. and the Express version is around $45. I have been watching QDEL lately and have been encouraged that there is definitely money to be made in this business. They posted 1996 sales of around $41 million. And they are still growing. Hopefully as companies in this market consistently display sales and earnings growth, the whole sector will get noticed by bigger investors. Bill

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