SurModics Inc (SRDX)

[foolishpremise]

A little silver to line the dusky earnings cloud:

1)Cancelling Cypher NXT does not mean cancelling Cypher Elite. i.e. the Cypher line may well still continue until lack of marketshare kills it some years hence. We also skip a generation (Cypher NXT) that we don't have lubricity revenue on...for one which we do (the Elite).

2)The SRDX lubricity coated Costar could potentially be sold in Europe as early as next quarter.

3)Ivation is in animal trials with both small and large (Lucentis?)molecules.