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Biotech / Medical : SANGUINE CORP. (SGNC)

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To: UnderCover who wrote (32)6/3/1998 9:49:00 AM
From: Gwolf  Read Replies (2) of 5402
 
A break above 9/16 on volume will signal that this stock is on it's way. The market for stocks involved in medical research is extremely hot right now. Ever since Linda McCartney died of cancer and Viagra hit the market Biotechs and Drug companies have been on fire. Synthetic blood could save thousands of lives a year. It's not only the HIV situation that creates a need for this product. There are many times that blood banks do not have adequate supplies of blood or they do not have the correct blood type and people die. I read something the other day that it is estimated that everyone will need blood at some point in their life - who wants tainted blood or wants to take the risk.

The first stage here is the animal testing, if that is successful then it's on to human testing. The other drug companies that gave up using a derivative of animal blood will be watching this with real interest.

Gwolf
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