Genzyme Tissue Repair (GZTR) Message Board

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Biotech / Medical : Genzyme Tissue Repair (GZTR)

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To: ajs who wrote (2035)	7/20/1998 8:53:00 PM
From: Machaon	Read Replies (1) of 2553

I think that the market hasn't been happy with the slow Carticel growth and GENZL's high burn rate. The slow growth rate can be attributed, somewhat, to - Lack of enthusiasm by AAOS in 1997. (Attitude changed in 1998) - Lack of insurance coverage in 1997. (122 million covered by Mar 98) - Slowdown in Europe in 1st qtr 1998. (Picking up in 2nd qtr) - Long time gap between patient identification and implant. (now < 100 days) GENZL has trained a bunch of surgeons and is targeting the ~95,000 femur, cartilage injuries per year. Today was really nasty. GENZL is now valued at under $100 million in capitalization. I am really hoping that this Wednesday's earnings report shows that the Carticel business is coming together. I'm betting that things are coming together, after all of the efforts by GENZL, up to this point, and into the future. So, I almost doubled my position today at $5, realizing that it is a fairly risky investment. Good luck, Bob

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