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Biotech / Medical : XILLIX FDA APPROVED
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To: Edward W. Richmond who wrote (371)2/23/1999 9:03:00 PM
From: Robert Dydo  Read Replies (1) of 572
 
I would rather have it to make for interesting price if you know what I mean(g). At $6M which is approximately 80% increase of last year's sales, fourth quarter would have to have sales almost as high as last three quarters combined. Market doesn't believe it, I kind a doubt it.

Olympus effort is so minimal compared with their funds, expertise of the market and share of it, I am seriously questioning their intentions. Xillix equipment is not a result of work after hours in the barn or vision of the future. It has been concluded and approved by FDA as a tool for diagnosis of early stage disease which has no cure and kills millions of people yearly. I am in this stock for the money but there is something seriously wrong in this picture. Only possibility to date to survive cancer is to be diagnose early enough so conventional and not methods have chance to work. Yet, the only known at least to me tool which increases this diagnosis, by some 176% sells less than (20)twenty systems per year (price of 180K each). It does that in the hands of market maker sized to 70% of all sales in the field. Amazing?

The other day I was listing to Paul Martin emphasizing importance of medical technology, innovation and other aspects which caused to increase budget's spending on very own Canadian research and development in those fields. I wonder what are the chances for Xillix to grab the attention of some government agency? Probably like with Olympus minimal.

Regards
Robert
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