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Biotech / Medical : Neopath (NPTH)
NPTH 0.0006000.0%Mar 7 3:00 PM EST

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To: Sigmund who wrote (140)5/8/1998 3:55:00 PM
From: Jim Armstrong  Read Replies (1) of 178
 
Re your: "What about their culture towards work? It seems to me that a lot of people have just been sitting around for the last year waiting for the FDA to act. Do they have a lot of video games on their computers? How is their chess competency and Go?"

These folks have an extraordinary work ethic. I've met several, and worked alongside others prior to Neopath. I can tell you from direct experience and observation, these folks are exceptionally smart and highly motivated, working long and hard. And they hire folks that can fit with that ethic. Squandered time is anathema, and they work as if their lives (or their wives' lives) depended on the result.

The technology resembles earlier and even much contemporary image analysis in about the same way Pentium-based PCs resemble Apple IIs. This is truly cutting edge stuff and it will be/is applicable in many other areas. They've done some really, really hard stuff to make the system both this smart and safe.

I dunno about some of your other issues, but in this area, you would be reassured if you could catch a glimpse of the inner technical workings and the folks conducting them.

The nature of this work was such that there was a pretty hard go/no-go at the end of the development process. It either worked, or it didn't. It took a long time, and I infer that the ability to keep the financial resources in place over that period, until they got the recent screener approvals, means that they have some business acumen to go with the technical side.

No one does this kind of thing perfectly. Nor without criticism. Nor without some legitimate critiquing via hindsight. But they seem to be doing pretty well to me.

Bottom line is that this will save a lot of lives, and I think there may be some actual payoff to the folks who made it possible, and to some others who will be able to benefit by collateral developments as the Neopath folks are able to begin to embrace them.

You want to see results. I assume you mean financial, because the technical ones have now been validated. The hoped-for financial results should follow now as well, as the initial fruits of their labors begin to pay off now that the approvals are in place. IMHO JimA
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