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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (5355)	11/8/1999 11:03:00 PM
From: Jibacoa	Read Replies (1) of 13094

JIM: BNRX: Friday's H at 3 1/8 was above the Oct.7 H at 2 1/2. Today the stock was down 12 % closing at 2 1/16, near the L of 2. It seems it may re-test the 1.875 The Jul.99 H was 5 1/4 and the Apr.97 H 14.625. The company's Lipogenics Division is doing some research on Vitamin E derivatives. As you know Vitamin's use has increased substantially in the past few years and there is a good amount of evidence in favor of its benefit as "anti-occidant", especially preventing the oxidation of LDH, which is probably one of the factors that triggers the intra-arterial deposition of cholesterol. Their more recent news concerning Niacin, doesn't seem significant. There is no question of the value of Niacin as agent for hypercholesterolemia, and we have some slow release preparations of Niacin that seem to minimize the "flushing" sensation, which has been one of the major side effects. The problem with some of those old drugs is that they are not patentable. Searle has just found that Aldactone has better results in treating CHF than the ACE inhibitors or the newer Ace receptor inhibitors, as reported in an article on the WSJ and the NEMJ last week, but they are going to wait for a new derivative they are now researching instead of promoting Aldactone itself, since the drug's patent expired several years ago. Bernard

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