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Biotech / Medical : ADVENTRX Pharmaceuticals Inc (Anx)
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To: estatemakr who wrote (37)4/23/2007 4:15:43 PM
From: Keith FeralRead Replies (2) of 418
 
I got my shovel out. The stock was picked up by some trading service 10 dollar stock . com. That was posted on yahoo, though I can't verify the recommendation.

Technically speaking, the stock is starting to look much stronger as it drifts back to the secondary price at $2.75. Meanwhile, the company is talking about their pipeline this every week, last week was cofactor, this week will be thiovir. They have some preclinical models to talk about as they prepare the aids drug, a HAART prodrug known as foscarnet, for fast track status.

There are so many things that potentially look interesting for the company. The company just needs some partnerships to get the financial structure in place to turn this company into a cash cow. Phase 2 b and interim phase 3 results may start coming out in the next month or two. I wish the company would give some enrollment updates, but I'm just sitting back right now and waiting for the fireworks to start.

Icahn's Medi got bought out for 12 times revenues today. I think Anx is worth 5 to 10 times the $500 million in annual revenues for leucovorin for colorectal cancer alone. If you replaced cofactor for all aranesp sales, which are generated by anemia in cancer patients, this stock is a multi billion cash machine waiting to happen.

It's all upside with this stock once the fun starts. Higher response rates & eliminates anemia in all cancer patients so far. I think this is setting up to become a very unusual trade.
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