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Biotech / Medical : Biotech & Pharma.T.A,

BIB 79.78

0.0%

Dec 31 4:00 PM EST

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To: Jibacoa who wrote (1933)	2/27/2008 11:05:18 AM
From: Jibacoa	of 3722

CVTX is down 17% on volume of 1,744,505 > its ADV bigcharts.marketwatch.com It reported yesterday its 4thQ results with a loss of $34.1M ($0.57/shr) vs. $68.1M ($1.18/shr) in 2006.Revenues were 77% better ($22.4M vs.12.7M) The cash & equivalents was $179.0M vs. $199.5M in Sep. It used $20.5 million in the 4thQ. As previously mentioned, the problem CVTX has with Ranexa is that some insurance companies have been reluctant to cover the drug or have it as a non-preferred treatment.If the FDA approves the change in labeling the sales of Ranexa should benefit as there are about 9M patients treated for angina mainly with generic drugs. I didn't listen at the C.C. yesterday, but apparently the people that did didn't liked it.<g> A replay is available by dialing (800) 642-1687 the PIN access number is 32378484. The recent short ratio was about 18x its ADV. The stock remains on its long DT coming from its Nov 200H at $93.13 <g> bigcharts.marketwatch.com Bernard

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