Couple questions, for those more knowledgeable... I've only dabbled a very little in biotech stocks...so, please be kind.
They hope to be in production within 45 days and for the remaining two to three years they will be testing this drug.
Is this saying that they'll be ready in 45 days to begin Phase II?
What is Dr. Urban's, President and Chief Executive Officer of
Inter-Med Sciences, connection to MDDM?
MDM Group Inc. announced on 2/22/99 the entering into of preliminary agreements with its investment banker. Select Corporate Services, Inc., and S&S Biophysics Laboratory Pty. Ltd. (Laboratory). These agreements provide MDDM to have joint world commercialization rights to the Dielectric Diagnostic Analyzer, (DDA), a brand new product developed by the Laboratory. The DDA is a machine that is a major new technological breakthrough in the early detection of viral diseases, including cancer. DDA is the only instrument of its kind in the world. DDA will provide early stages of induction, before its clinical appearance. At present, in the world of medical technology, no such method exists. Subject to finishing the due diligence, MDDM will bring it online 2 to 3 years from now.
This is really incredible news. Is their further information about the DDA and how it's supposed to work, in theory. Also, looks like there will be another 2-3 years in clinical testing(?).
MDDM to have joint world commercialization rights to the Dielectric Diagnostic Analyzer, (DDA),
does this "joint" translate to exclusive? Also, do we know what the financial deal is for MDDM to have the rights to this product? |
