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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Jonathan Schonsheck who wrote (3620)	5/17/1998 10:10:00 PM
From: Jonathan Schonsheck	Read Replies (1) of 4342

PRLN Stockholders' Meeting (continued . . ..) The first products which Paracelsian seeks to certify as BioFIT are St. John's Wort, Ginko, and Echinacea. ((An editorial comment: these are, of course, among the most popular nutraceuticals.)) As Paracelsian's scientists work with assays to validate structure and function claims, they will return to our library of Traditional Chinese Medicines, continuing the search for useful products. (In the course of using assays to certify the products of others, the value of our own library increases.) At this point, ten candidates for pharmaceutical development (as contrasted with dietary supplement development) have been identified. Efforts to market Ah-Immunoassay (for detecting dioxin and similar substances) continue apace. Japan, China and Eastern Europe are viewed as promising markets; the market potential is enormous. The Company is actively promoting the CDK1 Assay. It can determine whether a substance is carcinogenic (in certain ways) before a drug company spends vast sums of money researching it further. As this will save substantial research dollars, the market appears very significant.

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