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

BIB 79.76

-2.1%

4:00 PM EST

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To: Jibacoa who wrote (2657)	1/12/2010 10:09:20 AM
From: Jibacoa	Read Replies (1) of 3722

MAPP had a good UG yesterday.<g> bigcharts.marketwatch.com It announced that the FDA had informed it that another PIII is not required for the LEVADEX NDA for the treatment of migraine.<g> MAPP announced last May that the PIII FREEDOM-301 of LEVADEX met all four primary endpoints. The main resistance is the May 28 H at $13.25 and suppoprt at $10.60 if it closes yesterday;s UG as expected.<g> MAPP has closed its Feb27 DG, but didn't close its May 27 UG.<g> bigcharts.marketwatch.com MAPP has been cutting its losses in the last 3Qs and the EL for 2009 is around $0.27 vs. $3.58 in 2008. But for 2010 another loss around $1.90 is expected. In Novemeber it said it has secured commitment for up to $60M in financing.<g> MAPP has a good institutional following. Will see if it can hold at the important looking support around the $8 level.<g> bigcharts.marketwatch.com Bernard

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