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Biotech / Medical : Biotech & Pharma.T.A,
BIB 75.40+5.5%Nov 11 4:00 PM EST

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To: Jibacoa who wrote (1824)10/2/2007 12:58:53 PM
From: Jibacoa  Read Replies (2) of 3722
 
In spite of its lower revenues, ISIS has trimmed some of its losses & the stock is up > 50% from its Aug 6 L of 9.52 <g>

bigcharts.marketwatch.com

Today it announced that it received approval from antitrust regulators to collaborate with a JNJ unit and received a $5M milestone payment from JNJ.

ISIS has granted JNJ's Ortho-McNeil worldwide rights to its ISIS 325568 & ISIS 377131. Also, Ortho-McNeil will give Isis funding to support the joint discovery of new treatments for metabolic diseases, including diabetes and obesity.

The payment from JNJ was for the start of a PI on ISIS 325568.

The stock is trading above its Nov 2006 H, but has some way to go before it can test its Nov 2001 H at 27.15 or its March 2000 at 39 <g>

bigcharts.marketwatch.com

Bernard
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