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To: Patentlawmeister who wrote (12151)9/7/2005 1:43:54 PM
From: CusterInvestor  Read Replies (2) | Respond to of 37387
 
Patent, if I can to what you said, I have had 30K of CTE with an average of near $1 for over 2 years. Saw it go to $7 and back down to 1.65. Still holding because of the potential holy grail of an artificial coronary bypass graft (CABG). Hindsight said I should have sold at 7, but I still think its worth more. Sold 1K today on premise of a short pop and further retreat, only to see it keep going. Just like you said, afraid of losing profit.



To: Patentlawmeister who wrote (12151)9/7/2005 2:10:54 PM
From: rrufff  Respond to of 37387
 
CTE - CardioTech Stock Up on FDA Device Approval
Wednesday September 7, 1:53 pm ET
CardioTech Shares Soar As FDA Clears Coating for Transfusion Devices That Prevents Rejection

WILMINGTON, Mass. (AP) -- Shares of CardioTech International Inc. jumped sharply Wednesday after the medical device maker said the Food and Drug Administration approved its coated heart-lung bypass products, which are designed to prevent patients' immune systems from rejecting foreign objects.
CardioTech shares rose 59 cents, or 34 percent, to $2.35 on the American Stock Exchange. A year ago the stock traded at a 52-week high of $3.38, but shares have since steadily declined, recently reaching a year-low of $1.69. Shares are down 20 percent so far this year.

The company received FDA clearance to market its transfusion and blood reservoir devices with GBS Coating. GBS is made from heparin, a blood thinner, and hyaluronic acid, a natural protein found in the skin and joints, and is designed to be blood-compatible in order to cut down on the likelihood of a patient's immune system rejecting a foreign device.

CardioTech said the potential market for coated heart-lung bypass products in the U.S. is estimated at $250 million annually. With a worldwide market projected at $500 million, the company hopes to get European approval for the coated devices in 2006, as a larger percent of EU customers demand coated products versus the U.S.