July 6, 2004
SpeculatingStocks.com Stock Pick: Biophan Technologies, Inc. (BIPH)
Stock Price: $1.00 (long-term strong buy)
Biophan Technologies, Inc. develops and markets biomedical devices that allow for cardiac pacemakers, surgical and diagnostic tools to become safe and compatible with MRI equipment. An MRI is an advanced X-Ray machine used to diagnose problems within the brain and/or body. The company currently holds nine patents with over fifty pending approval in the areas of nanomagnetic particle coatings, radio frequency filters, polymer composites, and photonics.
The company is currently in research and development with Boston Scientific. Boston Scientific will have the first right to negotiate the licensing of Biophan technologies that come out of the joint venture between the two companies. The marketing strength of Boston Scientific will greatly enhance the future success of Biophan’s products.
The Cohen Independent Research Group recently provided a comprehensive research report on BIPH. The Group placed a low-end price target of $4.46 and high-end of $10.59 on BIPH shares. For the in-depth report.
The CEO has reiterated that they plan on listing on a major US exchange by the end of the year. The issued share count will not go over 80 million shares in the near future. With only 67 million shares outstanding there is room for additional financing to occur.
SpeculatingStocks.com Target Price: We expect BIPH shares to reach $2.00 by the end of 2004.