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Biotech / Medical : thermo cardiosystems(tca)
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To: drbg who wrote (36)9/29/1997 10:15:00 AM
From: Mark Cahill   of 57
 
I've followed TCA for years. Market has been disappointed for months as FDA approval has too long been "forthcoming". Street analysts expected approval by Sept.30 (FDA's fiscal year ends Sept.30), but the company says in its quarterly statement that they hope to get approval by year end. This approval is a big milestone. It will allow TCA to sell a lot more devices; insurance cos. are looking forward to approval.
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