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Biotech / Medical : Oncothyreon

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To: Angelo who wrote (564)4/19/1999 9:14:00 PM
From: Jibacoa  Read Replies (1) of 2344
 
Angelo:
I think there are several companies that have what appears to be promising therapies for cancer, in a not too distant future, BIOM among them. ( Take a look also at TCLN, IMNR, etc.)

As far as IMCL price performance,it has done well since March (after closing above last November's high around 12 1/2 and bouncing back from the December's low around 8 3/8).

You have to remember, though, that it was as high as 30 in 1992 and it dropped below 1 in 1995, before climbing back to 17 in 1996. It is now above the "double top" it formed last year at the 13 3/8 level.

The "support" now, IMHO, seems to be in the 14 5/8 area which I won't be surprised if it gets tested pretty soon, the way things are looking.

The final word is: You have to have FDA approval, until then every thing remains very speculative, just as John loves it.

Good luck.

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