The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (3000)	9/3/1997 3:57:00 PM
From: arnold silver	of 79269

Hi Doug, I mentioned to you I was going north and would look into GELX Well the president CEO was out of town and I talked to a gentleman named Paul Millett .I wanted a face to face but he was leaving town But he was very willing to talk . Iquestioned him about why they hired 4 new executives , They are there for their new medication RENA GEL,sales and manufacture.I questioned him about the FDA approval and he seemed to think it is a sure thing.GENZYME is a 50% partner (for about 50 million)This company is building equipment for the manufacturing of this product ,so when they get approval the fda ( at the same time) approves the facilities, World wide there are 400,000 people on dialysis they all will use this rena gel the figure per patient is $1000 to $1500 per year.You work out the numbers.September is when they will submit to fda. The burn rate is $15 million a year.$62 million in the bank.More to come from GENZ .There are 6 things in the pipeline ,a cholsterol thing is in phase 2 . If any thing else comes to my mind i shall report . You can check into more than I can explain by their last 4 or 5 news releases. Enjoy Arnie BTW you did great on the cade moves and also seeq

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