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Biotech / Medical : Biotech & Pharma.T.A,
BIB 79.76-2.1%4:00 PM EST

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To: Jibacoa who wrote (2321)3/17/2008 3:32:36 PM
From: Jibacoa  Read Replies (1) of 3722
 
QLTI Is up 34.69% on volume of 2,937,502 > 10x its ADV.

bigcharts.marketwatch.com

It announced today that the FDA completed its review its labeling supplement for Aczone & has removed the G6PD screening & blood monitoring requirements.

QLTI completed a PIV last year in patients with G6PD & it demonstrated no evidence of hemolytic anemia in that patient population.

Aczone was approved for sale on Jul 2005. The PIV clinical trial of the product was performed to meet a post-approval commitment requested by the FDA.

The stock is trying to get off its longer term DT coming from the Feb 2007 H at $9.92

bigcharts.marketwatch.com

The stock trades around 0.8xBV with no significant LTD & +CF close to $0.30 The short ratio is > 5x its ADV

The Apr 2004 H was $30.70, the Augn 201 H $81.94 & the Jan 2000 H $85.75 <g>

bigcharts.marketwatch.com

Bernard
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