Biotech & Pharma.T.A, Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotech & Pharma.T.A,

BIB 75.40

+5.5%

Nov 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jibacoa who wrote (1735)	8/30/2007 12:27:22 PM
From: Jibacoa	Read Replies (2) of 3722

SGEN As previously mentioned, didn't close its Jan8 UG, which was after it announced its deal with DNA on its SGN-40. The May 23 H of 11.43 was a little short of its May 2001 H of 11.49, so the stock wasn't able to make an all time H.<g> The stock made a double bottom (Aug6-Aug7) at the 8.53 level,in accordance with the general market dip, but was able to keep its UT & now seems to have support at the $10 level. bigcharts.marketwatch.com Resistance is now at the 11.30 level & then at the May 23 H, before it can test its all time H. SGEN's revenues have shown good progress with the payment it has received from DNA. Earnings have not shown the same pattern because extra expenses driven by SGN-33 manufacturing activities and clinical trial expenses for SGN-40, SGN-33 and SGN-35, but it still expects to close 2007 with > $120M in cash. The pipeline continues to look good: SGN-40, which is developed in collaboration with DNA is in several trials for N-HL & MM. SGN-33 is in a PI for AML and MDS. SGN-35,an ADC, is in a PI for Hodgkin's. SGN-30 is in several PIIs sponsored by the NCI also for Hodgkin's & ALCL. SGN-70 is still in preclinical development. It seems that in spite of the general market's problems, SGEN's R/R look good & it has a good chance of making a new all time H in the near future. bigcharts.marketwatch.com Bernard

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next