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Biotech / Medical : Biotech & Pharma.T.A,
BIB 86.27+6.0%Jan 7 4:00 PM EST

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To: Jibacoa who wrote (2209)2/1/2008 1:41:26 PM
From: Jibacoa   of 3722
 
BAYRY Is starting to close its Jan22 DG

bigcharts.marketwatch.com

Its anti-coagulant Xarelto seems to be a promising products in late-stage development.

BAYRY lately has increased its reliance on pharmaceuticals. Its Xarelto's PIII data released late last Yr.,showed it to be more effective than SNLF.L's Lovenox, at preventing phlebothrombosis after orthopedic surgery.
BAYRY has filed an NDA with the EMEA & plans for possible launch in 2009, it also plans to file an NDA to the FDA in 2008.(JNJ has marketing rights for the U.S.)It is expected that on approval, the 1st Yr. post-launch sales could total $120M with a much larger amount if Xarelto can be approved for active treatment in AF & DVT.

Back in Sep., BAYRY received FDA approval for expanded labeling of its Campath for treatment of B-cell CLL.

The stock is trading around 3.70xBV with a +CF of about $7.80 The stock has 4Qs of double digit improvements on revenues & earnings. The EE for 2007 are around $5.34 about 30% > the $4.11 in 2006 & for 2008 another 15% improvement is expected.

BAYRY seems to have support at the $75 level & to have a good chance of retesting its Jan 8 H at $96.83 <g>

bigcharts.marketwatch.com

Bernard
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