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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (46)4/19/2001 11:10:56 PM
From: Jibacoa  Read Replies (2) of 544
 
The following is an answer to a question from Scott about VICL on the Biotech Valuation thread:

As you said VICL is going to be under pressure tomorrow after the news today of discontinuing the present Phase II trial with Leuvecting in patients with metastatic renal neoplasms.

But Leuvecting is not their primary drug. Their lead immunotherapy product candidate is Allovectin-7 which is on Phase III for patients with malignant melanoma and on Phase II on patients with cancer of the head and neck. Also the base of their research is their patented "naked DNA gene transfer" using plasmids and without the need of a viral vector.

Both Leuvectin and Allovectin-7 are DNA/Lipid complexes, but Allovectin-7 contains the human gene encoding HLA-B7 antigen and Leuvectin contains the gene encoding IL-2

As far as your question of the support levels on the chart,
the nearest support is now at 15.05 (the intra-day H of 4/17)then as you mentioned the 14 level,(which was the intra-day Hs on 4/12 and 4/16)

VICL is still on a near-term up-trend that started on April 3 and was confirmed on April 5.

The present up-trend will not be broken as long as it remains above the April 5 H of 12.25 but if it it gets down to that level it will need some base bulding before resuming the uptrend.<g>

Again, I don't know if that will help you.<g>

siliconinvestor.com

Bernard
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