ShortBusters Club's Dirks Issues Buy Recommendation on
15.03.1999, 20:43
Hemispherx - Projects $1.60 EPS for Just 1% Global Market
Penetration for CFS
New York (ots-PRNewswire) - Ray Dirks, founder of the
ShortBusters Club, has issued a buy recommendation on Hemispherx
Biopharma, Inc. (Amex: HEB), based on important progress in the
Company's development of a new class of drugs for the treatment
of chronic viral disorders and disorders of the immune system.
Mr. Dirks, whose comments appear in the January/February issue
of Equities magazine that was just released, states that
Ampligen, which is in Phase III clinical testing for the
treatment of Chronic Fatigue Syndrome (CFS), would have a seven-
year legal monopoly in the U.S. if approved because of the Orphan
Drug status it has been accorded by the FDA and has an
application pending with the FDA for fast track approval. The
Company has already submitted an application for marketing the
drug in the European Union.
In the article, Mr. Dirks states that his health-care industry
analysts project that Hemispherx would realize pre-tax earnings
of approximately $40 million, or $1.60 net earnings per share, by
penetrating just 1% of the potential global market for CFS.
Overall, according to the article, Hemispherx could be within
two years of marketing its lead drug for the treatment of CFS and
longer-term has the potential for application in the treatment of
additional chronic viral diseases, including HIV and Hepatitis B.
ShortBusters Club, founded in 1990 by Ray Dirks, disseminates
research on fundamental strengths and growth prospects of
companies whose stocks are under attack by abusive short sellers.
Ray Dirks is with Security Capital Trading, a member of the
National Association of Securities Dealers, CRD number 35909.
ots Original Text Service: ShortBusters Club Internet:
http://www.newsaktuell.de Contact: Ray Dirks of ShortBusters
Club (USA) 212-339-2001.
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