Newsman
22-07-2004, 03:08 PM
Would strongly suggest this goes into the biotech watchlist - they are just starting to get income from Asian market now. They did a placement yesterday at 39c raising AUD$4m. Their major shareholder purchased the shares - and the shareholder is also the supplier of milk to the company so they would have little interest in selling the shares. New product just been released on the market in June - preventative for "travellers diarrhea" = Travelan. Tech. anal. of this company very good as well IMO.