EQUIDYNE CORP: IJX (AMEX) Message Board

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Microcap & Penny Stocks : EQUIDYNE CORP: IJX (AMEX)

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To: Skywatcher who wrote (158)	7/3/2001 11:42:11 AM
From: Skywatcher	of 179

We have more serious IR publicity on this good news as promised by the company. I hope this opens new markets for the product. Equidyne Says FDA OK's Needle-Free Shot LOS ANGELES (Reuters) - Equidyne Corp. (AMEX:IJX - news) said on Monday that its disposable system using ``jet injection'' instead of a needle to deliver medications has been approved by the U.S. Food and Drug Administration (news - web sites). The San Diego company's shares were up 28 cents, or more than 16 percent, at $1.99 in afternoon trading on the American Stock Exchange after reaching as high as $2.14 earlier in the day. The company said in a statement that it was in talks with pharmaceutical manufacturers and regulatory agencies about possible applications for the product, called Injex. Unlike earlier versions of the company's systems consisting of a multiple-use stainless steel injector and a single-use disposable medication ampule, the new disposable Injex combines an ampule with a device that transmits drugs through the skin via a thin, high-pressure stream of liquid that is used once and then thrown away. Equidyne describes its needle-free injector as a compact, uncomplicated device that delivers a virtually painless injection through the skin in a fraction of a second, eliminating the risk of disease from needle stick as well as the problems and cost of disposal. The company said potential applications include short-term injectable drug therapies administered by patients at home, as well as some subcutaneous vaccines. Equidyne said it will start production of the product in the United States when it signs a license and supply agreement. chris

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