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PENNY PICK OF THE WEEK: MLSC
3/16/00 - MLSC
A Close friend of mine who is a pharmacist recently showed me a biotech company. After he and an intern working for him called the company and asked some technical questions, and then conferred with one of the interns professors, they believe the project has some real merit and a future. I have not passed this pick to any other web sites. Here is the info approved by the company to be released:
On 3/15/00 I spoke with Troy Fullmer From medical Discoveries Inc. He stated that he expected a press release in the near future to announce a joint venture to do further research into the company's MDI-P technology. He also stated they would announce a change in the management team. This technology has been tested at UCLA, and the Dana-Farber cancer institute which is an affiliate of Harvard Medical School. He stated the technology has been shown invitro trials to KILL THE HIV VIRUS, AND SHOW NO MORTALITY TO THE CELL IT IS IN. They are currently waiting for the final toxicology report to come back from the lab, but the preliminary report indicated what they expected. Once they receive the results, they need to do a chemical character study, and a microbiology study. Upon completion of this they can apply for FDA approval for human testing. Troy said all the work up to this point has been pointed to going before the FDA BOARD so they have been preparing for this all along. What impressed me the most is that they SHIP ALL WORK OUT TO DIFFERENT LABS so there can be NO BIAS in the work from them.
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They have created a new company called MDI health care systems, which markets the company's invisiscar, and acne products. If this company is a success it could possibly be a spin-off though no formal plans have been made yet according to Troy. There have been some false posts on the ragingbull message board about the company. It is not a one man company, and it is still very much a biotech company. Harvard, and the affiliate Dana Farber have both indicated an interest at leading the testing of the next phase (human), but at this time it is unclear where this work will be done. You can contact the company at 801-463-9311 that is the end of the approved info
In my opinion this is a great stock according to what I have been told by troy This reminds me alot of LORFF released at my site at .68 and has been as high as 6 1/8 at the time LORFF also appeared to be to good to be true at that price. From what I have heard 30% of Africa has HIV and large portions of the world have it, the market for this is huge. Some of the current AIDS treatments from what I have been told cost as much as 3k a month.
With this stock I intend to follow my usual investment strategy. This in my opinion is a stock to have a position in long term. Please do your own D&D. I really feel this is a $10 stock waiting to be discovered.
Here are a couple links where I found information on the company:
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