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Strategies & Market Trends : Charts for Quick CASH $$$

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To: Carlton G Glenn who wrote (4536)	10/24/1997 3:35:00 PM
From: Galirayo	Read Replies (1) of 9262

[ BJCT ] Carl, Here is an interesting one. It just broke it's last top today. Looks like a V Reversal. Ray Bioject Medical Technologies and Elan Corporation Form Joint Venture and Drug Delivery Alliance Anticipated First Product is a Patch-Like Sensor and Wrist Watch-Type Monitoring Device that Measures Glucose Levels on a 24-Hour Basis Elan Agrees To Make $3 Million Equity Investment in Bioject And To Invest $500,000 in Bioject's Development of Needle-Free Pre-Fill Technology PORTLAND, Ore., Oct. 1 /PRNewswire/ -- Bioject Medical Technologies (Nasdaq:BJCT) today announced it has established a joint venture with Elan Corporation, plc (NYSE:ELN) for the research, development, and commercialization of a continuous glucose level monitoring system for diabetics. The ambulatory monitoring system will comprise a patch-like sensor coupled with a wrist watch-type monitoring device that continuously and precisely measures glucose levels on a 24-hour basis. This real-time monitoring system, whose sensor will require changing only once daily, should serve as the preferred alternative for diabetics who now rely on static glucose monitoring systems requiring self-administered finger-prick readings at least four times daily. Human clinical trials for the monitoring system are expected to begin in early 1998. [snip] biz.yahoo.com

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