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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5

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To: GARY P GROBBEL who wrote (42927)11/14/2005 1:38:17 PM
From: rrufff  Read Replies (2) of 120411
 
AVAN 1.71 + .25 - nice call

AP
Avant Stock Climbs on Bird Flu Initiative
Monday November 14, 11:31 am ET
Avant Immunotherapeutics Shares Climb As Vaccine Maker Devotes Resources to Bird Flu

NEEDHAM, Mass. (AP) -- Avant Immunotherapeutics Inc. shares climbed Monday after the vaccine maker said it was devoting resources for the development of a mass-scale bird flu vaccine.
Shares of Avant rose 16 cents, or 10.7 percent, to $1.62 in morning trading on the Nasdaq. Shares have traded between $1.09 and $2.47 in the past 52 weeks.

The company said it formed a research team to focus on the development of a bird flu vaccine that can be kept at room temperature using its virus vector and preservation technologies.

Avant said the effort and others will be funded by the $50 million generated by the May sale of rotavirus vaccine Rotarix rights to Paul Royalty Fund II.
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