I'm a small-time writer who dreams big and enjoys reading and writing about biotechs and pharmaceuticals. I also enjoy dabbling with penny stocks but keep my exposure there limited. My work experiences include food safety, water quality, pesticides, food additives, paints, plastics and... More
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CytoSorb is a Novel Application of Tried and True Technology 6 comments
Disclosure: Long
Disclosure: Long
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This post has 6 comments:
Chemistry and Clinical Medicine are not the same. There are thousands of drugs and gadgets that made scintific sense but never became commercially available because there were proven to be marginally effective in clinical trials or because they were found to have unexpected adverse effects.
Dr. Chan is a businessman with a medical degree. His goal in life is to make the company a success at any expense. Some of his forward looking statements have been unrealistically optimistic. I cannot blame him for them; if he truly realized the slim chance of this adsorption column getting accepted by medical community, he would have a lot of sleepless nights.
Please note my position in the company as "Long". If I didn't think the company had a great future I wouldn't be investing in it, nor would I be writing on it. So, of course I have a "financial interest" in the company.
Chemistry and and clinical medicine are intimately connected! Not only are drugs chemicals, but the mechanisms by which the human body utilizes them is a series of chemical reactions. Hence the term "biochemistry".
ANY small, upstart biotech company has seemingly unsurmountable obstacles to go up against to get through clinicals and then approval either by the FDA or otherwise. However, it still manages to occur (obviously). A lot of drug innovations come from small companies such as Cytosorbents because their entire focus is often on one drug or one class of drugs. They know their very existance hinges on optimizing all areas of the clinicals because they may have only once chance before their finances are spent.
So, you're saying that if a drug or a device has only a slim chance of approval (as most have considering the odds) its research should be terminated? That would kill both big pharma and biotechs!! "Let's see, I will only research and attempt to develop a drug that has an 80% chance of approval".... Of course he and any drug or medical device developer understands their odds. These are not air-headed idiots blindly shooting in the dark. They've done their research and weighed the odds.
So far, I see nothing that Dr. Chan has stated that contradicts my knowledge of adsorption or retention of a discreet particle size range. There is certainly a good chance of unknown variable coming into play as with ANY device or drug development. The question is, what/if that variable arises is it a "device killer" or something that can be dealt with.
I appreciate you reading the article. There are many websites that describe solid phase extraction and size exclusion chromatography in greater and perhaps easier to comprehend detail. I was merely trying to point out that this is not a "shot in the dark" but a twist on a very tried and true existing technology that I think has a very good chance at success. In my humble opinion, I think the only thing that Cytosorb may come up against is whether to narrow or slightly change the molecular weight or particle size of compounds it is retaining in order to keep from retaining a certain component of the blood that does not need to be retained or "filtered". Please keep up the great DD and let us know what you find?
Thanks and have a great weekend!
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Been buying safer stocks as of late. Work is too busy to babysit volatile pennies except for very small positions.
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Watching metals #silver & #gold closely. Specifically trading $GDXJ, $GDX and $USLV. #oversold?
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Loving how biotechs have been performing! However, be careful. If market tops, the big runners drop hardest...
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