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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: PuddleGlum who wrote (3477)	6/26/2003 10:50:04 AM
From: Crossy	Read Replies (1) \| Respond to of 37387

re: NasdaqNM - CGPI - $12.50 Collagenix Inc Next pick of mine - PROFITABLE BIOTECH & PHARMA company. Active in dental & dermal markets.. Periostat trials going rather well, became profitable last year, EPS of $0.15-0.20 looks attainable per quarter down the road (if not immediately) There's a convertible out there (Oaktree one of the holders) which converts at $9.70. This led to convertible arbitrage strategies in the $10-12 price range. Without this issue, the stock would probably be trading north of $20 already. However this is going to end soon if it hasn't stopped already. Will post more DD info on it. For a start see collagenex.com Ratios look quite ok - PSR of 2.95 an interesting pipeline, it made the IBD biopharma top 10 list this week. Hidden in its many PR's is a STRONG LINK to Australia's enigmatic company EPITAN - the people that own the rights to that drug which produces artificial pigmentation in humans and animals - which is called MELANOTAN. Collagenex co-develops a topical formulation of this currently injectible-only drug by applying one of it's drug delivery technologies. Since Epitan doesn't exactly have much cash to finance trials and development, chances are the agreement with CGPI will produce a nice future REVENUE STREAM for Collagenex in exchange for some upfront financing of any sort.. rgrds CROSSY