To: Sergio H who wrote (5437 ) 5/31/1998 11:49:00 AM From: James Strauss Respond to of 29382
BJCT... Sergio: Excellent analysis... Here is a snipit from the latest news release: >>> Said Jim O'Shea, chairman, president, and chief executive officer of Bioject: "Our results represent a shift in our strategic focus toward building corporate alliances that we expect will create lucrative new markets for our technologies. We're making considerable progress on this front, with a number of near- and long-term prospects currently under review. In March, we strengthened our position in the home-use market with the acquisition of Vitajet, a manufacturer of personal use needle-free injectors. Furthermore, our blood glucose-monitoring project is advancing on schedule, with our first pre-clinical trial -- conducted in April -- yielding encouraging results." Said Mike Temple, chief financial officer of Bioject, "As part of our strategic realignment, we have reduced our direct sales force and will focus on leveraging the sales and marketing capabilities of our corporate partners. Going forward, we anticipate this realignment will produce significant cost savings in the Company's needle-free business segment, as we continue to develop distribution alliances with Hoffmann-LaRoche and other potential partners." Bioject develops, manufactures and markets jet injection systems for needle-free drug delivery. The Company's advanced injection management system, the Biojector 2000, has received the Seal of Acceptance from the Alliance of Children's Hospitals, Inc. The Company is developing a system for Hoffmann-La Roche to market specifically with their products. Bioject is also developing an ambulatory continuous blood glucose-monitoring system for diabetics through a joint venture with Elan Corporation. <<< ********************************************************************** This was an 8.00 stock in the early 90's... A look at a long term chart shows the upward breakout of a multi-year downtrend... The insider buying points to those "in the know" seeing a positive turnaround for the company... a 5.00 to 6.00 price in the intermediate term seems reasonable... Jim