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Biotech / Medical : CMTR-CHEMTRAK FDA OK
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To: Art Baer who wrote (795)6/12/1997 2:23:00 AM
From: William Presti   of 1172
 
It very much looks that way. I think there was somewhat of
an overreaction to the 14A document filed with the SEC. We
knew that Chemtrak was going to be looking to raise some
additional cash to tide them over. They'll need it until
they realize a revenue stream from products already approved by the FDA. And as far as revenue is going, I suspect that Cholestrak
sales are still improving. I've only heard comments which
support that.

Bill
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