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Biotech / Medical : Biosource International
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To: Joe Dancy who wrote (513)7/8/1998 2:10:00 AM
From: geoffrey Wren  Read Replies (1) of 696
 
Re: "AIDS, cancer, and related research would drive growth of this sector of the biotech market upward at a 20% annual rate for the foreseeable future."

Presumably a reasonable way to look at it. But will the development of new drugs through the new better founded techniques (monoclonal antibodies, tumor starvation, etc.) use more of what BIOI sells or not? I have no idea myself. But assuming the demand for treatments equals dollars spent on research which benefits BIOI, then consider sooner or later heaps of money will be thrown at Hepatitis C research.
It should have funding now at least with a parity with HIV. 1m HIV carriers in the US, 4m Hepatitis C carriers. Pretty deadly disease, apparent latency of some 10-15 years.

BIOI looks like a good company in a growth field. I own a little. What makes me hesitate a little is I followed a company called ICN (something) that traded on AMEX, a small company related to ICN the drug company for a few years some long time ago (some 8 years ago or so). I believe it was like BIOI in selling raw materials to medical labs. It never went anywhere. I think the risk is that if you are just selling a commodity, price competition is tough.

My first post on this board.

Geoff Wren
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