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Biotech / Medical : CHDX--US China Industrial Exchange

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To: Barry Shore who wrote (20)	4/25/1998 10:08:00 AM
From: WWS	Read Replies (1) of 77

Barry, very interesting news yesterday (after the close) from PLC systems. Their transmyocardial revascularization (TMR) laser was recommended (unanimously) for FDA approval by their FDA advisory panel. biz.yahoo.com While this is just short of full FDA approval, it is a very positive development for them. Note that their stock price dropped off precipitously in the days leading up to the panel meeting, probably because many feared that PLC systems would fail for the second time to convince the advisory panel with their supportive data. But surprise, success was the order of the day. While I'm afraid that playing PLC systems stock on monday will be about as easy as trying to jump aboard a moving train, at least CHDX stockholders can take consolation from the fact that we have distribution rights to the TMR laser for all of China. Best Regards, Bill.

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