CMTR-CHEMTRAK FDA OK Message Board

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Biotech / Medical : CMTR-CHEMTRAK FDA OK

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To: Rocketman who wrote (484)	3/11/1997 10:15:00 AM
From: William Presti	of 1172

In my last post I passed along some information about milestone payments Chemtrak would receive from Astra-Merck and Selfcare. I did not find out what the amounts are, but my GUESS is that combined they are in the 500K - 1000K range. We'll see. What I am concerned about recently is Selfcare and its ability to deliver on their end of the Chemtrak-Selfcare deal. I've been reading their press releases and if it isn't a quarterly report of losses, it's a release announcing an offer of additional shares. Any thoughts on how SLF''s situation will impact Chemtrak (if at all)? Or are their finances just a reflection of an agressive growth strategy which includes CMTR? Appologies to all for the tangent. Bill p.s. Still holding onto all my CMTR shares. Did you know that Hp Chek will be pushed with a sales force of 800 v.s. Quidel's product getting pushed with a sales force of 300 (P+G's)? HA! Don't ask. I forget where I read about the 800. Probably was an Astra-Merck release. Plus, Hp Chek should have that CLIA waiver soon.

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