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Biotech / Medical : Synthetic Blood (SYBD)

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To: Eric Beckman who wrote (183)5/27/1998 9:42:00 PM
From: Rick Hoffmann  Read Replies (1) of 307
 
Did a quick check on his scientific background through the IBM patent database-found nothing of particular interest. The patents listed for "Howard Jones" showed no experience in fluorocarbon products, biosensors or even electrochemistry. The Edgar database had some info on a "Cypros Pharmaceutical Corp" whose stock has about the same value as Alliance Pharmaceutical, around 4 1/2 per share. They have accumulated losses of about $10MM over the 92-97 years. My feeling is that this is another release which looks good, but really contains nothing of substance except to make the company more topheavy. SBI certainly didn't compare well with the other companies in the article on blood substitutes in the May 18 issue of Chemical and Engineering News.
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