GREY:DGCRF - Post by User
Comment by
SurfForWealthon Dec 09, 2003 7:42am
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Post# 6757113
RE: Gen-Probe audio
RE: Gen-Probe audioGreetings! I spent some time doing further reading at the Gen-Probe & CUR websites & reviewing the ML presentation. Some of my conclusions are (please correct me if I am wrong);
CUR currently has 2 diagnostic products approved & on the market for bladder & prostate cancer detection. They are also working on further test for lung cancer. The current test involves going to a lab, undergoing a digital rectal exam (ultrasound?) which causes potential cancer cells to enter the urine, then taking a urine sample on the spot & using an amplifier & detection by microscope in the lab (1st generation test).
Gen-Probe will use their existing FDA approved NAT technology for the same test but with better amplification & detection methods. They also hope to get FDA approval for their automated TIGRIS system which will significantly reduce technician requirements & speed up the process & patient throughput at much lower cost. The use of the TIGRIS ystem will be incorporated with the Gen-Probe improved uPM3 testing (2nd generation).
Benefits will be better, faster & cheaper early stage cancer detection methods which are far superior on all aspects to the existing standards. Gen-Probe will pay for most if not all of the further R & D cost required to bring the products to market in about 2 1/2 years.
The story looks great...tuck some shares into your portfolio & let it ride. You could lose all your money but that seems highly unlikely...even if things failed to work out you could sell as it fell....but....you could make 5-15 times your investment in 3-4 years. Good luck, Cheers!!!