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$heff

06/02/09 7:33 PM

#13363 RE: $heff #13360

I like NEPH (.62) as today was a chance to pick up some cheapies. Pending two FDA approvals for medical devices that are filed through a 510K. 510K are a way less rigorous process that drugs that are being administerd into one's system.

The two that did not get approval, I never even looked at or touched (ADLS & ABIO). Some FDA approvals require too much information from the company and the FDA can be sticklers. Thus was the case with ABIO yesterday & ADLS today. Best, Sheff