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To: Bram12345 who wrote (857)9/16/1998 8:01:00 PM
From: R>G>  Read Replies (1) | Respond to of 1058
 
Subject Sangunie SGNC to be on CNNfn 9/21/98 8:30 PM E
Sangunie is in the synthetic blood industry. Thomas C. Drees, Ph.D., M.B.A. is the chairman and CEO. He will be televised from 8:30-9:00 on Monday. The 1/2 hour program will focus on Sanguine, its product and the synthetic blood industry.
Sangunie is filing with SEC
Battelle is doing research and soon to start animal testing.
This is a 2nd generation drug, the 1st generation drug had received FDA approval.
Presently there are 60 million transfusions done per year. Average transfusion requires 2 pints. That's 120 million pints per year. Sanguine plans to sell product for $300.00 per pint. What percentage of this 36 billion market Sanguine will receive is too early to tell. This market is certainly large enough for more than one company.
For more information please see R>G>s unofficial SGNC webpage
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