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Biotech / Medical : Biotech & Pharma.T.A,
BIB 70.25+0.1%Nov 6 4:00 PM EST

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To: Jibacoa who wrote (146)12/11/2002 12:42:58 PM
From: Jibacoa  Read Replies (1) of 3722
 
GERN Is having a good move today after reporting that its telomerase inhibitor, GRN163, continues to show "efficacy without toxicity" in multiple cancer animal models.

It has reported positive data from its telomerase-based cancer treatment programs at three scientific meetings so far this month.

Besides the good reports on GRN163 it has also showed good results with its in vivo therapeutic vaccine and oncolytic virus at UCSF "War on Cancer" symposium on December 7,the ASH Meeting in PA on December 9 and the AACR conference in in SFon December 10.

It has also reported preliminary results of its Phase 1 trial of an ex-vivo telomerase-based cancer vaccine at Duke.

The stock still needs to close above its November 11 H of 4.25 before it can try for its Octobe 2 H at 4.43 and its September 12 H at 4.92 (The July29-July30 double top at the 5.58 level is somewhat farther out.<g>)

bigcharts.marketwatch.com

bigcharts.marketwatch.com

But the stock hs shown good support at the $3.60 level and from a longer term perspective the R/R appears favorable.

bigcharts.marketwatch.com

The insiders hold only around 1%.They have reported higher loss and lower revenues after termination of the agreement with Pharmacia and costs from their acquisition of research technology from Lynx Therapeutics.

Bernard
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