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Biotech / Medical : SANGUINE CORP. (SGNC)

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To: drdan who wrote (1079)	6/18/1998 10:05:00 AM
From: Andrew H	Read Replies (2) of 5402

>>Here's a piece of an article from th Wall Street Journal June 3, 1998, by Thomas M. Burton........."BaxterInternational suspended a European trial of its blood substitute........leaving the compan with a 110 million dollar production plant in Switzerland but with no viable product to make there, at least for now...." So......do you think that a large pharma firm is going to have a problem plunking down the 50 million or so Sanguine needs to finish the preclinical testing ? You can see that they waste money on R&d--big money... This should be pocket change for someone << Hope springs eternal...the point here is how very difficult it is to get a blood substitute product through the FDA trials.

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