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Biotech / Medical : Synsorb Biotech

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To: David Zabrocki who wrote (12)2/7/1997 6:32:00 PM
From: Fred J Bealle   of 32
 
David, the FDA rules are described in www.centerwatch.com/backgrnd.htm.

Merger rumors. The interest in Lifetech (lftk on cdn) by Pall Corp may lead to its takeover. Lifetech has granted a 5 year world exclusive license to Pall (a billion dollar sales corp) for $15 million, part of which is to go for equity in Lifetech. To me this is almost like buying out LFTK.
The stock in LFTK ipo'd a few months ago; it went last week from $2 to $4 on the Pall news.

MY point is that the same could happen to Synsorb. If it grants exclusive licenses to some outfit, worldwide, for all current and future tech, that's the same as selling out.
Synsorb's value is only in its licenses....whenever their value is fixed (as approvals mature)....only insiders will know when mergers are being offered. We will know only days or weeks after friends of the insiders have been given their chance to load up on Syb.

I like comparison of Lifetech and Synsorb. Both are off the wall; both defy conventional wisdom of pharmaceuticals.
fred
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