Monday, November 11, 1996
Renewed attack on blood substitutes
The area of blood substitutes has been contentious, with both strong
proponents and detractors. The detractors had their turn last week, as Walter Reed Army
Institute of Research scientist John Hess and colleague Robert Reiss published two
articles highly critical of the field.
Based on the articles, UBS Securities analyst Paul Kelly reiterated
"sell" recommendations on both Somatogen Inc. (SMTG, Boulder, Colo.) and
Northfield Laboratories Inc. (NFLD, Evanston, Ill.), which are developing hemoglobin-based
blood substitutes. Although the authors focus on the use of blood substitutes in trauma,
Kelly said their criticisms apply to other settings.