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Biotech / Medical : Biotech & Pharma.T.A,
BIB 77.61+3.5%Nov 21 4:00 PM EST

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To: Jibacoa who wrote (1614)9/19/2007 11:18:41 PM
From: Jibacoa  Read Replies (1) of 3722
 
ANX Was up 8.41% with volume a little ahead of its average.

bigcharts.marketwatch.com

It was apparently responding to the presentation by its CEO,Evan M. Levine, at the ThinkEquity Partners' Fifth Annual Growth Conference today in San Francisco.

On Sep10 it announced that it has received confirmation from the FDA on its NDA for ANX-514. (The FDA has indicated that data from a single study of approximately 28 patients that demonstrated the bioequivalence of ANX-514 and docetaxel is sufficient to support filing an NDA.) Docetaxel which is marketed under the brand name Taxotere had sales of $2.2B in 2006 <g>

ANX was able to trim its loss some in the last Q. It reportedly doesn't have significant LTD & the insiders hold >15%. The short ratio was up 20% in the last month & it was about 16x its DAV.

The stock seems to have support at the $2.15 level & the R/R doesn't look bad.<g>

bigcharts.marketwatch.com

Bernard
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