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Biotech / Medical : Aksys Ltd. - Personal Hemodialysis System coming soon
AKSY 0.00Apr 24 5:00 PM EST
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To: Bruce R. Schlake who wrote (3)1/10/1997 11:21:00 AM
From: Michael P. Michaud   of 11
 
Hi, found out the reason for the bounce may be that AKSY was awarded a patent on their novel hot water disinfection system. Also are expected to be awarded more patents in the short term. However clinical trials are are not expected to begin until 3rd or 4th quarter, so we believe FDA approval not expected for a year. HOWEVER, AKSY is also going to market PHD globally, so need to watch international developments near term also. Although dead money for 1 yr, not a bad time to buy as not much downside risk at this time, IMO

Good luck, Mike
Will keep U posted
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