CMTR-CHEMTRAK FDA OK Message Board

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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: Art Baer who wrote (852)	8/12/1997 1:07:00 AM
From: William Presti	of 1172

They struck out on Choletrak? According to the Chemtrak, they have been operating their Cholestrak manufacturing shift (1 believe it is just one shift att) at capacity. While it has been a difficult market to grow, it is growing. And I can't wait to see how things pan out for them vis-a-vis Hp Chek and Astra Merck. A/M's Prilosec is now the best selling drug in the world. And little ole Chemtrak's H. Pylori test kit is going to be co-marketed with it. Keep your fingers crossed for an August announcement. Now, while I don't think CMTR's stock is going to the moon soon, I do expect it to be a safe bet that we will see 2 or 3 multiple from present levels this year. Hey, when was the shareholder meeting? Or is it still to come? Would like to hear if Ed Covell and company have anything to report about the private placement. Yes, it did take place and was handled by Gruntal. The release we saw was to inform that the item was dropped for shareholder voting purposes. Time was of the essence. Bill

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