In reply to lanbec:
One company was Lintronics Technologies, Inc., which was acquired by Evro Financial Corp. [EVROD]. Back in 1992 Lintronics had developed two advanced breast examination technologies [the ‘LINTRO-SCAN’ and the ‘MAMMO-SCAN’]. These were imaging devices for detecting changes within the breast WITHOUT exposing the patient to radiation. I don’t recall the details of why these devices didn’t succeed but I do recall that I lost a bunch of money.
Another major disappointment was a company called DynaGen, Inc. [DYGN]. They developed ‘NicErase-SL’,a smoking cessation product back in 1995 and had made plans to license the product to Bristol-Myers Products [BMP], now known as Bristol-Myers Squibb Company [BMY]. When the licensing agreement with BMP fell thru, Dynagen’s highly inflated stock price tanked in a matter of minutes and never recovered.
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