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Biotech / Medical : Biotech & Pharma.T.A,
BIB 75.48+1.4%Nov 14 4:00 PM EST

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To: Jibacoa who wrote (1162)6/27/2005 12:08:40 PM
From: Jibacoa  Read Replies (2) of 3722
 
NTEC (The company that uses its glycoadvance,glycopeglation and glyconugation tech. for glycoprotein therapies.<g> )

Seems to have found support at the 2.05 level and has some upticks on late trading on regular time Friday.

The stock has been up more than 5% today (intraday H at 10.05AM was 2.57 ) and has had a couple of small intraday upgaps.<g>

There were some insiders buying in February at $4 and in May at $2.80 and $2.75

It seems the RR is low at present levels since it has been trimming its loss and revenue has shown improvement in last 2 Qs. It reportedly has around $1.96 in cash/shr with Debt/Equt ratio around 0.22

On Thursday it announced that it has submitted an IND for its NE- 180, which is its long-acting, GlycoPEGylated erythropoietin for the treatment of anemia after chemotherapy and it expects to start a PI this year.

Of course some people may like to wait until NTEC can close above its Apr.28 H of 3.17 <g>

bigcharts.marketwatch.com

Bernard
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