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Biotech / Medical : IGGI (IGG International)with 5.25Billion market?

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To: David Alon who wrote (40)3/24/1997 12:55:00 PM
From: Andrew G.   of 96
 
News from March 14:

This thread has been pretty quiet lately
despite the fact that IGGI has moved up to $6.125. It's 52 week high was $8.5 last year when they were far behind where they are now.

The next time I wake up this thread will it be at $10 ?
IGG Intl completes $2.6 mln financing

CAMBRIDGE, Mass., March 14 (Reuter) - IGG International Inc
said Friday it completed a $2.6 million fundraising effort.
The financing will provide the resources to sustain its two
lead product development programs well into 1998, the company
said.
The company said in a release that one of the programs is
for GBC-590, for the treatment of cancer metastasis, which
recently received clearance from the U.S. Food and Drug
Administration to begin Phase I clinical trials.
Regarding the other program, the company said it recently
submitted an application for approval to the Environmental
Protection Agency to begin marketing ELEXA in the U.S. as a
naturally derived agricultural fungicide.
IGG International is a biotechnology company developing
natural carbohydrate compounds for human therapeutics and
agricultural applications.
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