Some South Florida scientists 
  think they have found an effective 
  shark repellent. Dr. Sonny Gruber, 
  a University of Miami shark expert, 
  heads World Class Research in 
  Bimini, Bahamas. His research team 
  has proven that sharks hate or fear 
  the smell of rotting shark carcass.
"And so we have been extracting 
  certain chemicals out of these dead 
  carcasses, purifying them and testing 
  them on Caribbean reef sharks,"
  Gruber said. "And it worked. It 
  worked very well." 
Research video shows sleeping 
  baby sharks thrash wildly after 
  they're given a whiff of shark repellent. 
  And bigger sharks blasted with 
  repellent quickly flee.
The company marketing the repellent says it could be available 
  as something lifeguards can throw 
  in the water during an attack. 
  Eventually, they hope to make a bracelet for swimmers and divers 
  -- maybe even a sunblock mixed 
  with shark repellent.
Researchers say a repellent could 
  save thousands of sharks at a time 
  when shark populations are plummeting. 
  About 100 million sharks are killed every year, often by fishermen 
  who are after tuna or swordfish 
  but accidentally catch sharks instead. 
  Gruber says if fishermen put the 
  shark repellent on the bait, the tuna 
  and swordfish won't care, but sharks 
  will stay away.
"If I can protect those baits from 
  sharks biting them, but the fish 
  bite them, then I can save 40,000 to 
  50,000 sharks a day," Gruber said. 
  "That is what I'm all about with 
  these shark repellents."  
The shark repellent could be on 
  the market as early as next year.  
--- NBC6.net. South Florida, July 7