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Biotech / Medical : Biotech & Pharma.T.A,
BIB 88.17+3.2%Jan 22 4:00 PM EST

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To: Jibacoa who wrote (2686)5/12/2010 10:38:32 AM
From: Jibacoa  Read Replies (1) of 3722
 
ACHN was up 24.5% and it is still up 16.83% at present with volume of 240Ks already about 2x its ADV.

It has scheduled a CC for 1:15pm today.:>)

The stock opened with a good UG.

bigcharts.marketwatch.com

It reported yesterday additional preliminary data from its P1b of ACH-1625, which demonstrated that both the third and fourth patient cohorts receiving treatment with ACH-1625 achieved meaningful reductions in HCV RNA after five-day monotherapy, with continued safety and tolerability in patients with hepatitis C (HCV).

ACH-1625 is an inhibitor of HCV NS3 protease that was discovered and is being developed by ACHN.
ACHN said that they "remain very encouraged by these results and look forward to advancing the drug into a PII in the coming months." <g>

The stock has already closed its Dec16 UG
The next resistance is at the $3 level and then the Apr15H at $3.30

bigcharts.marketwatch.com

Bernard
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