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Biotech / Medical : URMD -- Huge market potential

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To: Ken M who wrote (124)11/6/1997 4:18:00 PM
From: Jeff Clegg  Read Replies (2) of 369
 
Market Potential (from Investors Relations) of CaverMap Aid:

U.S. DATA ONLY:
# Hospitals: ~ 2,000
# procedures: ~78,000 to 91,000 annually (that could benefit)

Looking at training physicians and then having them train other physicians in the use of the device. Sales force is in place.
Looking at first quarter next year to start initial training/sales.

From my calculations, once the device has solid penetration, the annual revenue from the disposables will exceed $55M annually (85,000 procedures x $650 per disposable (reasonable guesstimate). (little less than 27M shares outstanding)!!

Company has not priced units or disposables (yet).

Pilot FDA clinical for Breast Detection to very well start this quarter. Clinical 1st quarter of 98' Submit for approval 3rd quarter of 98'.

Looks like a good time to jump on board.

Regards,
Jeff
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