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Biotech / Medical : CYTO

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To: Mooser who wrote (7053)3/25/1998 10:59:00 PM
From: John Zwiener  Read Replies (1) of 8116
 
Why is price going up?

The reason I recently bought CYTO was the PSMA test and vaccine. And that is it.

The PSMA test will be the first decent improvement over the PSA (including the freePSA). This test may at first complement the PSA, but eventually may replace it.
The PSMA vaccine had great results.

CYTO can keep from going bankrupt by dropping it's costs. Milestone payments may be coming, but they are not necessary if the company will drop its expenses.

The other stuff is meeting resistance due to the giant buying cooperatives of hospitals, and limited applications that would genuinely improve care.

The longterm people might consider holding on if the company shows it is taking steps to advoid backruptsy. The PSMA stuff is likely to be the big one they wanted.

Regards.
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