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Biotech / Medical : Biotech & Pharma.T.A,

BIB 76.39

-1.9%

Nov 19 4:00 PM EST

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To: Tomato who wrote (1211)	7/11/2005 9:28:55 PM
From: Jibacoa	Read Replies (1) of 3722

Wayne, Re: ARNA It needs to close above its May 11 H of 7.49 (that was the day of its recent upgap on a volume of more than 8.738M )If it can do that it will need to close above its October H of 8.57 before it can make a 52wks H.<g> bigcharts.marketwatch.com Its longer term chart remains on the "interesting" list.<g> bigcharts.marketwatch.com The revenues on the 1st Q were 24% less than in 2004 although 100% better than in the Dec.Q <g> THe loss for the March Q was also higher at $0.79/shr vs. $0.40/shr in 2004 although the EL for the year at $2.17/shr is less than the $2.40 loss/shr in 2004 Results for the 2nd Q are expected on Tuesday next week before the market opens, which usually brings better news than those coming after the market closes.<g> On June 30 it reported on its PI of APD125, its drug for insomnia, which was well tolerated and showed what was considered a statistically significant increase in the amount of deep, or slow wave, sleep. I don't recall any results from its PII on APD356 its 5-HT2C serotonin receptor agonist, which is considered as a possible candidate for the treatment of obesity. ARNA still reportedly has around $4.70 in Cash/shr and has a Debt/Equt ratio around 0.09 It probably has enough cash to keep burning it for several more Qs besides its research agreements with others like MRK & Ortho-McNeal. RAGL Bernard

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