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Biotech / Medical : Biotech & Pharma.T.A,
BIB 74.98-1.9%4:00 PM EST

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To: Jibacoa who wrote (2073)9/11/2009 2:19:25 PM
From: Jibacoa  Read Replies (3) of 3722
 
NURO had a good spike today an is still trading above its Jun 9 H of $2.67 <g>

bigcharts.marketwatch.com

It announced yesterday that it has completed a private placement of common stock and warrants, with proceeds around $18.7M

It plans to use of the capital to expand its direct US sales force, increase its international presence, fund certain clinical outcome studies, advance its lead potassium channel blocker compound to a PI, and for other purposes.

In spite of 4Qs of lower revenues, NURO has been trimming its losses. It doesn't have significant LTD.

It seems that with some good news the stock could trade above $5 If it can get to close some of its Feb 2008 DG it would be a 300% gain from present levels.<g>

bigcharts.marketwatch.com

Disclosure: I don't have a position on NURO, but have it on a 'wsatch list'.<g>

Bernard
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