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

BIB 75.48

+1.4%

Nov 14 4:00 PM EST

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To: Jibacoa who wrote (1540)	10/11/2007 9:08:48 AM
From: Jibacoa	Read Replies (1) of 3722

Expect CRGN to open on a DG today after news. bigcharts.marketwatch.com CRGN announced that its PII of velafermin for oral mucositis did not meet its primary endpoint, although it was found to be safe and well-tolerated.<g> Based on these results, CRGN is discontinuing the development of velafermin, and will continue to focus its resources on belinostat, a histone deacetylase inhibitor, which is in a PII for the treatment of solid tumors and hematologic malignancies, and CR011-vcMMAE, an antibody-drug conjugate, which is on a PI/II for the treatment of metastatic melanoma. The insiders did some buying in Aug but CRGN has a good amount of resistance at the $2 level & with today's news, it seems that it will do well if it can keep above $1 <g> The stock remains on the DT coming from its Jan H at $5 bigcharts.marketwatch.com Bernard

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