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Biotech / Medical : TGEN - Targeted Genetics Corporation
TGEN 8.230+1.5%Nov 7 3:59 PM EST

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To: robert miller who wrote (409)6/7/2004 9:20:33 AM
From: Michael BakuninRead Replies (1) of 557
 
Where do you get the institutional data?

Anyhow, as predicted, there's been a bunch of positive news flow, both by TGEN specifically and in the space generally. Full disclosure: while I considered it, I did not put on a buy-the-rumor trade here. No big TGEN pop for me.

PR specifics include an expanded AAV license with NIH, complete RA suppression in animal models, and a puff piece reporting an ASGT presentation that "highlighted [AAV] for its potential utility."

biz.yahoo.com
biz.yahoo.com
biz.yahoo.com

I'd say tk's annual meeting report contained more useful information that the above three press releases. The RA release does make me wonder about the Amgen/Immunex licensing issue. Why did Amgen take so long on this? The merger was a while ago now.

As for the stream of PR, I wonder if this means TGEN is planning another financing round if market conditions continue to improve. They don't have tons of cash.
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