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

BIB 83.86

+1.3%

Dec 24 4:00 PM EST

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To: Jibacoa who wrote (2572)	9/2/2009 1:47:05 PM
From: Jibacoa	Read Replies (1) of 3722

MDCO is up for 3rd day on a roll and is closing its May 13 DG, the day it announced that it was canceling its PIII of Cangrelor,because results were not showing advantage over Plavix.<g> Today's volume is already above 5M > 8x its ADV, but below the 15,303,700 that traded on May 13.<g> bigcharts.marketwatch.com Today it announced that it had received a new patent for Angiomax, and on Monday it had announced the publication in Lancet of data showing that Angiomax reduced cardiac mortality and improved survival in a study involving 3000 patients with ST-elevation myocardial infarctions,compared with those that were treated with heparin plus a platelet glycoprotein inhibitor.(Both groups had been pre-treated with angioplasty.) But the stock still faces a good amount of resistance at the $10 level. MDCO has 4Qs of better revenues, but earnings have been lower in the last 3Qs and the EE for 2009 are around $0.30 vs. the $0.72 earned in 2008. bigcharts.marketwatch.com Bernard

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