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Biotech / Medical : Synbiotics Corp.

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To: Chirag Asaravala who wrote (5)3/27/1996 11:54:00 PM
From: olduser   of 37
 
Synbiotics started out in 1982 as a research and developmpent company and evolved into a developer, manufacturer and marketer of monoclonal antibody based diagnostic products and biological products for use in the animal health care field. It makes diagnositc test kits for animal diseases along with vaccines. The company also founded 2 biotech companies one of which was acquired by Texas Biotechnolog. Texas Biotechnology trades on the American Stock Exchange exchange and is currently about $5. I believe Synbiotics still owns about 6% of Texass Biotechnology and I believe it is holding it for investment purposes. Synbiotic's price of between 2 3/8 and 2/78 may not adequatley reflect the value of its Texas Biotech holdings.
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