| To: Zencone who wrote (169) | 10/29/1998 11:40:00 AM | | From: Jimmy Nicholson | | | |
Board is quiet? Just picked up the stock off the MOVERS list nice % gain so far today! Anybody have any ideas on why the jump? I am new to this stock just trying to get some info. b4 i jump in?
Thanks,
Jimmy |
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| To: Zencone who wrote (171) | 12/29/1998 1:32:00 PM | | From: Cindy Powell | | | |
Greetings all,
Medical Discoveries announcing a "Research Support Agreement" with the Dana-Farber Cancer Institute, "a major Teaching Affiliate of Harvard Medical School" is really great news!
And Harvard Professor Robert Finberg M.D. at the helm as principal investigator ain't too shabby either!
I hope everyone reads the news release in it's entirety and realizes the significance of MDI-P as being categorized as a "new" portal to the AIDS battle, with mechanisms that work differently than anti-retroviral mechanisms.
Go Medical Discoveries!
Cindy |
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| To: Jimmy Nicholson who wrote (173) | 1/14/1999 4:07:00 PM | | From: Cindy Powell | | | |
News!
Medical Discoveries, Inc. Enters $3 Billion Scar Treatment Market
LAYTON, Utah, Jan. 14 /PRNewswire/ -- Medical Discoveries, Inc. (OTC Bulletin Board: MLSC - news) announced today that it's newly formed Consumer Products division, MDI HealthCare Systems, Inc., has launched the first in a series of scar management/skin care products, which are derived from its patented and proprietary electrolysis and other technologies. The company's flagship product, InvisiScar™ the invisible scar therapy™ treatment, is the first in a series of scar management/skin care products to be introduced by MDI HealthCare Systems, Inc.
''The launching of InvisiScar™ is part of a corporate strategy to maximize the innovative, proven technologies and intellectual property of our parent company, Medical Discoveries, Inc., by developing products targeted at profitable and growing consumer markets where we can make a significant contribution. The scar management/wound care market in the United States is estimated to be $3.5 billion, and growing, with 63 million new scars formed every year'', stated Lee F. Kulas, President and CEO, ''and MDI HealthCare Systems, Inc. intends to be a significant player in this exciting market.''
InvisiScar™ is a discreet, convenient, effective two-step therapy that combines two proven therapeutic agents to help soften, flatten and diminish unsightly scar tissue. Step One: Aqua Cleanse™ pretreatment pads are used to cleanse, hydrate and disinfect the skin and soften scar tissue. Step Two: InvisiScar™ offers the consumer all the benefits of ''gel sheeting'' without the difficulties associated with its application. InvisiScar™ is an invisible, odor-free, moisturizing topical gel that works discretely around-the-clock to soften, flatten, and reduce scar tissue to a more normal color and texture.
''The trend today is for the development of scar management and treatment alternatives which are easy to use, affordable, effective and safe,'' stated MDI HealthCare Systems, Inc., VP Research & Development, Jack Kushner. ''Based upon the science, research, testing and proprietary technologies used, InvisiScar™ is an effective and affordable treatment for skin trauma including cuts, burns, scars and cystic acne.''
The company has already signed major distribution agreements both in the United States and selected overseas markets. According to Neal G. Ofiesh, VP Sales, ''We are using a combination of corporate distribution agreements, independent distributors selling to the medical community, and direct consumer sales via nationwide advertising in selected women's magazines.''
Director of Operations, Troy Fullmer advised, ''We have been ramping up production during the last few weeks in accordance with distributor requirements, and are ahead of schedule for our national launch this month. Now our focus is transferring two products from development into manufacturing for launching in March and April.''
For further information about InvisiScar™ and the other scar management/skin care products provided by MDI HealthCare Systems, Inc., please direct all inquiries as follows: Distribution Availability: Neal G. Ofiesh, Vice President of Sales: (724-334-0500); Ordering Information: (1-877-343-6373) for all other Questions: Troy Fullmer, Director of Operations, (801-771-0523).
SOURCE: Medical Discoveries, Inc.
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| To: Cindy Powell who wrote (174) | 2/23/1999 11:14:00 PM | | From: Zencone | | | |
Medical Discoveries, Inc. Announces Major
International Distribution Agreement for InvisiScar
Company Press Release
LAYTON, Utah, Feb. 23 /PRNewswire/ -- Medical Discoveries, Inc. (OTC Bulletin Board: MLSC - news) announced today
that its newly formed Consumer Products division, MDI HealthCare Systems, Inc., has signed an exclusive distribution
agreement with Fox Croft Trading Co., an international pharmaceutical trading company, to sell a minimum of 4,000 units of
InvisiScar(TM) a month exclusively in Brazil. This agreement represents a financial commitment of just under $1 million per
year. InvisiScar(TM) is a discreet, convenient, effective two-step therapy that combines two proven therapeutic agents to help
soften, flatten and diminish unsightly scar tissue.
''This agreement propels InvisiScar(TM) into the estimated $3.5 billion scar management/wound care market and marks a
significant financial and sales achievement for the Company since the launching of InvisiScar(TM) last month,'' stated Lee F.
Kulas, President and CEO. ''We are looking forward to a long and successful relationship with Fox Croft Trading Co., and
remain focused on the potential opportunities with Brazil and other international and domestic markets for our scar
management/skin care products.''
InvisiScar(TM) is a discreet, convenient, effective two-step therapy that combines two proven therapeutic agents to help
soften, flatten and diminish unsightly scar tissue. Step One: Aqua Cleanse(TM) pretreatment pads are used to cleanse, hydrate
and disinfect the skin and soften scar tissue. Step Two: InvisiScar(TM) offers the consumer all the benefits of ''gel sheeting''
without the difficulties associated with its application. InvisiScar(TM) is an invisible, odor-free, moisturizing topical gel that
works discretely around-the-clock to soften, flatten, and reduce scar tissue to a more normal color and texture.
For further information about InvisiScar(TM) and the other scar management/skin care products provided by MDI HealthCare
Systems, Inc., please direct all inquiries as follows: Distribution Availability: Neal G. Ofiesh, Vice President of Sales,
(724-334-0500); Ordering Information: (1-877-343-6373); for all other Questions: Troy Fullmer, Director of Operations,
(801-771-0523).
SOURCE: Medical Discoveries, Inc. |
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| To: Zencone who wrote (176) | 4/19/1999 4:33:00 PM | | From: Cindy Powell | | | |
You may be right, Baruch, but they are broadening their horizons with the hope for differing revenue producing products, which I think is good, because one never knows what new product is going to really catch on. I think that their scar products have a good chance of capturing market share and an looking forward to see what developes. I have seen several scar products (patches, rather than gels) advertised in the major magazines, and I would think that MLSC's gel approach would be far more desirable and functional. I think they are making steps in the right direction and putting their money where their mouth is. I am really excited to see that they are really going gangbusters with their research and toxicity studies. I think that this is tell-tale, and I also think that those scientists and others "in the know" that are closely involved with Medical Discoveries' technologies, see alot of potential with MDI-P and it's variations, and they are going to go for the gusto~ I will feel a little better when I see the company in a better financial position, but I think they are determined to make a go of this, and believe that "when there is a will there is a way." I'm still holding, and trying not to get too sea-sick with all the tape's ups and downs and to's and fro's. I may even consider buying more on these dips.
Best of luck,
Cindy |
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| To: Cindy Powell who wrote (177) | 5/17/1999 2:58:00 PM | | From: Cindy Powell | | | |
May 17, 1999
MEDICAL DISCOVERIES INC (MLSC)
Quarterly Report (SEC form 10QSB)
MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.
OPERATIONS AND LIQUIDITY.
MDI has no revenue for the period from January 1, 1999 to March 31, 1999 compared to $2,278 in revenue for the same period in 1998. The revenue in 1Q 1998 results from initial sales of imported functional water machines, which product line was subsequently discontinued by the Company. MDI spent $ 58,637 in research and development costs during the first three months of 1999 compared to $73,825 for the same period in last year. The decreased spending reflects the reduced level of testing the Company is conducting while awaiting additional funds. MDI reduced its General and Administrative expense by 8 percent to $103,647 from $112,923. Funding for on-going operations is discussed in the "Additional Funding is Required" section below.
PHARMACEUTICAL DRUG DISCOVERY AND DEVELOPMENT ACTIVITIES
MDI has completed a series of validation testing at the Dana-Faber Cancer Institute, a Harvard Medical School teaching Affiliate and National Institute of Health (NIH) approved HIV/AIDS Testing Laboratory.
These tests confirmed and extended previous research and testing which demonstrated that MDI-P is shown to be capable of killing HIV in cell cultures without mortality to the cells.
A six-month Research Grant with the Dana-Farber Cancer Institute to further extend and confirm the anti -HIV/AIDS activity of MDI-P is in progress. In this Research, MDI-P is being analyzed for effectiveness in killing laboratory strains of HIV-1; clinical specimens of HIV; and resistant strains of HIV-1. These test results continue to support the effectiveness or MDI-P in killing the HIV Virus.
During its current research testing, the Company has become aware of the need to address certain technical issues regarding the electrolysis equipment used to produce MDI-P during initial manufacture.
MDI has temporarily suspended validation testing at the Dana-Farber Cancer Institute of its novel drug "MDI-P" targeted at the HIV/AIDS disease due to certain technical issues. Although the testing performed during the last quarter, which demonstrated MDI-P to be capable of killing HIV in cell cultures without mortality to the cells, remains valid, the Company has decided to temporarily suspend further investigation until such time as these technical issues are resolved. Work is already in progress to develop a permanent solution to these minor technical issues.
Toxicology studies initiated in October of 1998 were completed during the first quarter. A final report will be available upon completion by the Company of final payments to the testing Laboratory. MDI has also initiated microbiology studies during the first quarter; however, these studies have been suspended pending availability of appropriate levels of funding.
Progress of the Company's plan for submission to the FDA of an IND Application has been delayed, and continuation depends on the ability of the Company to successfully address certain technical issues, and the ability of the Company to obtain sufficient funding enabling the completion of the toxicity, microbiology, and chemical characterization studies in various stages of progress. See "Additional Funding is Required" section below. While results to date continue to show promise, the Company can provide no assurance the technology will eventually be proven.
MDI HEALTHCARE SYSTEMS, INC. CONSUMER PRODUCTS SUBSIDIARY
MDI's operating division, MDI HealthCare Systems, Inc., (MDI-HCS) is focused on the identification, exploration, validation, development, and commercialization of innovative solutions for scar therapy, wound healing, and skin care and repair.
InvisiScar(TM), an innovative topical silicone gel, and AquaCleanse (TM), an electrolysis technology based disinfecting cleansing pad, have enabled the Company to enter the worldwide $3.5 billion skin care market. In addition, a third product, the Beautification Facemask (TM), enables the Company to enter the anti-aging, facial beautification market. These products are proprietary to the Company, utilize a variety of its core technologies and position the Company for strong revenue potential in 1999 and the next millennium.
During the first quarter, MDI-HCS launched its innovative scar treatment products InvisiScar and AquaCleanse, into the very large and potentially lucrative Brazilian market. The Company has entered into an exclusive distribution agreement. This exclusive distribution agreement calls for minimum purchases of the MDI-HCS in the range of $1 million.
The success of MDT-HCS depends on the Company's ability to properly finance the product launch and the response of competitive products. See "Additional Funding is Required" section below.
RESEARCH AND DEVELOPMENT ACTIVITIES, JAPAN
In addition to its novel drug, MDI-P, and Cosmeceuticals product development and commercialization accomplishments, the Company continues its discovery and development activities for electrolysis technologies in its Tokyo, Japan based Research and Development Group. MDI's Team Japan is to identity additional applications for the Company's electrolysis based technologies, and develop appropriate technological innovations for rapid market entry. Currently, the Company is investigating several resultant product development activities which, if proven, may lead to additional revenue producing opportunities.
LIQUIDITY AND FINANCIAL RESOURCES
ADDITIONAL FUNDING IS REQUIRED. Management intends to raise substantial additional funds in private stock offerings in the near future in order to meet its near-term funding requirements. In the future, management anticipates the need to raise substantial additional funds in public stock offerings as well. The funds to be raised will be used in the following areas: 1) submission of an IND Application with the FDA for it novel Anti-HIV/AIDS drug, 2) the launch of MDl-HCS. 3) payment of the MDI Trust Fund obligations, 4) commencement of payment of salaries to Company personnel, and 5) at such time as funds become available, the prior debts of the Company.
YEAR 2000 ISSUE. The Company is aware of the issues associated with programming codes in existing computer systems as the millennium (year 2000) approaches. The Company has completed the upgrading of its design engineering software and believes, but can give no assurance, that this software is year 2000 compliant. However, the accounting and material management system is not compliant. The Company has conducted preliminary research into replacement accounting and material management system. The Company plans to acquire and implement a new system in the third quarter 1999. If the new accounting and material management system is not implemented as planned, the Company could be adversely affected beginning in the year 2000 since many computer applications could fail.
FORWARD-LOOKING STATEMENTS. Certain matters discussed in this Report are "forward-looking statements" intended to qualify for the safe harbors from liability established by Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "believes," "anticipates," "expects" or words of similar import. Similarly, statements that describe the Company's future plans, objectives or goals are also forward-looking statements. Such statements may address future events and conditions concerning, among other things, the Company's results of operations and financial condition; the consummation of acquisition and financing transactions and the effect thereof on the Company's business; capital expenditures; litigation; regulatory matters; and the Company's plans and objectives for future operations and expansion. Any such forward-looking statements would be subject to the risks and uncertainties that could cause actual results of operations, financial condition, acquisitions, financing transactions, operations, expenditures, expansion and other events to differ materially from those expressed or implied in such forward-looking statements. Any such forward-looking statements would be subject to a number of assumptions regarding, among other things, future economic, competitive and market conditions generally. Such assumptions would be based on facts and conditions as they exist at the time such statements are made as well as predictions as to future facts and conditions, the accurate prediction of which may be difficult and involve the assessment of events beyond the Company's control. Further, the Company's business is subject to a number of risks that would affect any such forward-looking statements. These risks and uncertainties include, but are not limited to, the ability of the Company to commercialize its technology; product demand and industry pricing; the ability of the Company to obtain patent protection for its technology; developments in environmental legislation and regulation; the ability of the company to obtain future financing on favorable terms; and other circumstances affecting anticipated revenues and costs. These risks and uncertainties could cause actual results of the Company to differ materially from those projected or implied by such forward-looking statements.
sec.yahoo.com
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