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Biotech / Medical : Ciphergen Biosystems(CIPH):

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To: tuck who wrote (197)2/3/2004 10:50:40 AM
From: tom pope  Read Replies (1) of 510
 
Briefing:

10:09 ET CIPH diagnostic test superior -- Pac Growth 10.59 +0.03: Pacific Growth issues a report on Ciphergen Biosystems, a company on which it initiated coverage two weeks ago, in response to an article in today's NY Times today that details efforts to discover effective biomarkers for early diagnosis of ovarian cancer. The article focuses on Correlogic, a privately held co whose OvaCheck test uses mass spec produced protein patterns (or molecular finger prints) "called" by a computer to diagnose ovarian cancer. While early data appeared promising, further development has proved difficult. Ciphergen is developing its own ovarian cancer diagnostic call Ova-Sure. The firm looks for Ciphergen to publish data and enter into a commercialization partnership for Ova-Sure in the second half of the year. The firm believes Ciphergen's strategy of discovering and validating panels of biomarkers to be a more effective and clinically acceptable route for the development of next generation diagnostics.
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