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Biotech / Medical : Biotech & Pharma.T.A,
BIB 76.39-1.9%Nov 19 4:00 PM EST

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To: Jibacoa who wrote (2687)8/18/2010 9:34:19 AM
From: Jibacoa  Read Replies (1) of 3722
 
BSDM will open with a good UG and is up > 50% in pre-market trading.<g>

bigcharts.marketwatch.com

It announced that the FDA has granted It a 510(k) clearance to market its MTX-180 for ablation of soft tissue.<g>
This authorizes the commercial sale of the MTX-180 in the U.S.

The MTX-180 utilizes innovative synchronous phased array technology that was developed and patented by BSDM to deliver targeted microwave energy to ablate soft tissue.

BSDM has 4Qs of lower revenues, but has been able to trim its losses in the last 2Qs.The EL for the current Yr is around $0.32 vs. $0.52 in 2009. It has NLTD.
The insiders reportedly hold cloe to 40% if the shrs. and the short ratio is around 4xits ADV.<g>

There is no ACTAY
I will keep a TT at the $3 level.<g>

bigcharts.marketwatch.com

Bernard
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