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Biotech / Medical : Matritech (NASDAQ - NMPS)

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To: William J. Leiby who wrote (639)5/21/1998 10:56:00 AM
From: Damon Pham  Read Replies (1) of 849
 
Bill,

Gambled is right on the mark. Managment should have known the 501(k_ would have been rejected. Their test isn't like anything on the market right now and why they thought it might get approval is a little baffling. Not only did they do a seriously bad job handling the news but it also seriously hurts their ability to do a secondary.

They need to partner up with a much bigger company that is more experienced in the FDA process and politics. Marketing has always been their weak suit. A starter would be to name their products something besides "NMP-X". How are they going to build any brand equity on that clunker of a name?

Damon
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