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Biotech / Medical : biotech fireworks

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To: Jibacoa who wrote (1034)6/12/2003 9:18:11 PM
From: Jibacoa  Read Replies (1) of 7424
 
CRIS closed up 28% and volume was over 7.5M

On their deal with DNA (they licensed their inhibitors of the Hedgehog signaling pathway), they are supposed to get an $8.5M licensing agreement and DNA is to pay CRIS additional fees over the next two years, as well as future milestone and royalty payments.

The stock didn't close its initial up-gap, and managed to close at another 52wks H. (The June 10 H was 4.53)

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Bernard
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