I have to believe that this price movement did not precede, but was
caused by the news. As long as it took place, that is all that concerns
me.
Nice to see that we got some play from the Motley Fools at AOL. NMPS
topped off the evening news.
HEROES
~~~~~~~
MATRITECH (NASDAQ: NMPS) scientists made a big scientific discovery today, boosting
shares of their employer $1 3/8 to $10 1/8 in heavy trading. Specifically, three nuclear matrix
proteins (NMPs) have been found, which are linked to cervical cancer, and will play a role in
cancer detection systems being developed by Matritech in conjunction with Bayer. The discovery
qualifies Matritech for a "milestone" payment from Bayer. Matritech, through several
Massachusetts Institute of Technology (MIT) patents, has exclusive rights to develop or sell
NMP-based products, until the patents expire. In addition, Bayer has the right to incorporate the
technology in its cancer detection systems and to exclusively market them worldwide.
There is an active thread at AOL as well. More tests and kits will be
coming, just like the milestone payments from Bayer. At least we know,
there are many other types of cancer, so nmps should be busy for quite a while.
best returns |
