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Biotech / Medical : biotech fireworks

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To: Icebrg who wrote (754)	4/22/2003 6:05:07 PM
From: Icebrg	Read Replies (2) of 7424

Are happy days here again? Entremed (ENMD) was up 153 % today after a pressrelease on some preclinical data. The drug is actually already in phase II. So far without producing - as far as I know - anything note-worthy. At least as far as treatment effects are concerned. The traded volume was (according to Yahoo) 8.545.255 shares compared with the one-year daily average of 66.590. Considering the clouds shading the company's immediate financial future the enthusiasm shown is a little bit difficult to understand. Do these clouds indeed have a silver lining, or...? Erik

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