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Biotech / Medical : BJCT-BIOJECT-needle less injection product

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To: dorothy sg who wrote ()8/4/1997 1:48:00 PM
From: geewiz   of 534
 
Hi NI,

There is indeed an analyst following the company. He is Frank Lyel, MD of some San Francisco Company. He is projecting earnings of $0.31 in 00; can't imagine forcasting that far out. A lot of the six page report I've heard before, but there are some nuggets. For one BJCT is in phase I/II trials for an injectable DNA vac. with an undisclosed company.

As for the $700,000 from the WMT deal, it sounds a little high. I figure 400 locations, 3 days each, 100 injections per day, = 120,000 injections; I don't know what the customer pays, but if its' $3 then that's not even half! But it should at least match or exceed recurring revenue.

Call Bev Allen in IR for a faxed copy of the research report; I haven't read all of it yet.

best, art
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