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Biotech / Medical : Cistron Biotechnology(CIST)$.30

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To: Walter Morton who wrote (1344)8/6/1998 3:09:00 PM
From: Steve Harmon  Read Replies (1) of 2742
 
Bluestone Capital's Healthcare Analyst? Scott Bailey has a STRONG BUY on Biolase(BLTI). Compare to Cistron....

Cash: CIST>>$13 mil.
BLTI>>$ 3 mil.

Qtr. burn rate: CIST>> $100,000
BLTI>> $800,000

Both companies current sales are similiar.

Potential markets: CIST>> Flu vaccine with a marketing partner Pasteur Merieux(Largest flu vaccine manufacturer)
BLTI>> Dental lasers..distribution deal with unnamed Asian company.

Current market value: CIST>> $6 million
BLTI>> $41 million

Another note BLTI just did a Reg D offering to raise the $3 million in cash they currently have in the bank! OUCH!

STRONG BUY? What rating will he give to CISTRON?

Cistron has been a client of Bluestone for a year? Where is the research report on Cistron?
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