Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Closure Medical (CLSR) fomerly Tri-Point Medical (TPMC) -- Ignore unavailable to you. Want to Upgrade?

To: RevMikeB who wrote (125)	3/21/1998 5:42:00 PM
From: David S.	Read Replies (1) \| Respond to of 184

Closure has a 1st generation "glue". There are other companies that are behind closure in the approval process, but who believe they have a better product. If those other firms are correct, then closure's future big earnings that is projected would not occur, since 3 or 4 years from now, they will have several competitors, and we should think competitors with better products. My understanding is that the company has problems with infection rates being too high. I suspect that over the next few months, more information about competitive products will surface.

To: RevMikeB who wrote (125)	3/22/1998 11:13:00 AM
From: Saban Kurucay	Read Replies (2) \| Respond to of 184

My $.02 why selling itis hard.... The current product is mainly aimed at external wound closures like cuts etc. Well, working in the medical field, let me share some of my observations with you... Medicine is a field where traditions are hard to break down... Stitching is and will still be a basic skill for most doctors..Yes, private practitioners and vets may be able to use this product, but the entire premise of profits is really in the ER. Well, there is the problem.. A significant percentage of the hospitals are teaching hospitals and this is where a lot of trainees get their stitching training....Little motivation for the attendings to use anything else, after all the newbies need to have this skill, whether there is a glue available or not... Internal use could be quite interesting buth I think all agree that it is far from happening.... One last question to all of the people on here...As investors we can look at it objectively and say wow.. what a great idea...However, when you think of yourself as a patient in the ER with a wound closure problem, I'd still go for the good old stitches myself.... So innovation is not all of the game.. Educating the market and proving the product, gaining credibility is a very important part of it... Especially in the medical field where stakes are high.... Just my humble opinions.... --Saban