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Biotech / Medical : GelTex Pharmaceuticals (GELX)
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To: EACarl who wrote (71)9/12/1998 12:19:00 AM
From: Robert L. Ray  Read Replies (2) of 127
 
Geltex got a blurb on page 74 of the latest Businessweek. Perhaps that's one of the reasons for its strength this week. (Plus the fact IMHO that it was and still is ridiculously undervalued.)

From Businessweek,

TAKE MY FAT--PLEASE

About five years ago, Harvard University chemist George Whitesides had a brainstorm. Because polymers can be constructed with chemical arms able to selectively grab onto other molecules, why not design an indigestible version that can rid the stomach of unwanted substances? Like fat, for instance.

The idea spawned GelTex Pharmaceuticals Inc. in Waltham, Mass., which by yearend hopes to win Food & Drug Administration approval for its first product: a polymer that grabs onto phosphate in the gut, then is excreted. That's vital for patients whose kidneys can no longer remove phosphate from the blood.

Next in the pipeline is a polymer that grabs onto cholesterol -raising bile acids in the stomach. In current clinical trials, small amounts of the polymer have caused cholesterol levels to drop by 20% says GelTex President and CEO Mark Skaletsky. Now, GelTex is developing a polymer that can latch onto fat. It wouldn't be ready for several years, but if GelTex succeeds, it may be possible to have your cake and skip the fat, too.

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