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To: Steven Messina,L.M.T. who wrote (28193)12/15/1998 10:53:00 AM
From: brent gephart  Respond to of 119973
 
MEDC: The $4 range is a good price. SHORT TERM: The stock deal is just the icing on the cake. The fact that B&D want's the rights to these needles is excellent. That means they see how good the technology is and know that they can not make something better. B&D BDX is the 500 pound gorilla in the diabetes and drug delivery market place, which makes this deal so good for MEDC. Plus the company only has

7 million outstanding
4 million float

LONG TERM: The company has its own clean room and can make the needles for B&D. Also with all of the needs being used as delivery mechanisms for immunizations in third would countries MEDC delivery system will work great. Reason being they can only use the need once because it does not work a second and therefore can not be used to either stick the delivery person or be used on multiple people as often happen in third world countries.

Brent