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Biotech / Medical : Biotech & Pharma.T.A,
BIB 70.25+0.1%Nov 6 4:00 PM EST

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To: Jibacoa who wrote (1588)3/10/2006 12:02:36 AM
From: Jibacoa  Read Replies (2) of 3722
 
CGTX Was up a modest 9.27% and continued to do well after Hrs.<g>

It announced today that its ALGRX 4975 meets the primary endpoint of decreased pain for Patients with tendonitis.

CGTX has been trimming its loss for the last 4Qs. It reportedly sells around 0.6xBV The loss for 2006 is estimated around 1/5 of the $17.83/shr loss in 2005 <g>

bigcharts.marketwatch.com

The next resistance is the Jan.9 H at 10.44 before it can test the Dec.19 H at 10.85 and the Sep.28 H at 10.88 ( And of course it needs to close above $12 in order to start closing some of its Apr.1 downgap.<g>)

bigcharts.marketwatch.com

Bernard
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