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Biotech / Medical : Biotech & Pharma.T.A,
BIB 79.780.0%Dec 31 4:00 PM EST

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To: Jibacoa who wrote (1810)6/19/2007 1:02:04 PM
From: Jibacoa  Read Replies (2) of 3722
 
ALTH started to the upside today in spite of the failure of the PIII of EFAPROXYN to meet its primary endpoint of improvement on survival of patients with brain metastases from brain Ca.

But by 9:50 AM the stock started to turn down after reaching its intraday H of 5.75. It seems to be finding support at the 5.40 to 5.45 level & the volume of 9,800,000 is already 39x its daily average.<g>

bigcharts.marketwatch.com

ALTH has no significant LTD & plans to discontinue further trials of EFAPROXYN and to focus on the development of PDX, which is on a PII in patients with relapsed or refractory PTCL.

Will see if the stock will be able to hold above the $5 level, or it will come down to test the $3.65 to $4.25 level.<g>

bigcharts.marketwatch.com

Bernard
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