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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: SSP who wrote (94736)10/26/2001 8:58:37 PM
From: Jim Bishop  Read Replies (1) of 150070
 
ACAM on the LIST, I believe this article when talking about the close, means Thursday, I show close at $40 Friday.

Acambis continues climb on germ war fears
LONDON, Oct 26 (Reuters) - Shares in Britain's Acambis Plc, which is developing a new vaccine for smallpox, rose 14 percent in early Friday trading after its American Depositary Receipts climbed a similar amount in New York on fears of germ warfare.

At 0835 GMT, the shares were 31-1/2 pence higher at 261p, valuing Acambis at around 238 million pounds ($340 million).

``It's the same story as before. The ADRs shoot up on the anthrax scare and the shares in London follow,'' said one trader.

In New York, Acambis' American Depositary Receipts (NasdaqNM:ACAM - news) closed up 14 percent at $38.36.

Acambis's shares have more than doubled since the September 11 attacks on the United States which, along with a spate of anthrax attacks, have fuelled fears about germ warfare.

Acambis said earlier this month that it had speeded up development of a new smallpox vaccine.

The company has a 20-year contract with the U.S. Centers for Disease Control and Prevention to supply an initial 40 million doses of the vaccine.

Acambis had said it would begin clinical trials early next year and make the first deliveries in 2004. It has not disclosed the details of its new timetable.
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