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Biotech / Medical : IMNR - Immune Response

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To: Mark B. Martell, CCM who wrote (178)11/24/1997 10:00:00 AM
From: Robert DeHaven  Read Replies (1) of 1510
 
Hey Marcus: The stock will move after 12/1..IMHO and as stated before to a new high in or around $17. The driving force now is the expected corporate collaberation that IMNR is perceived to need to go to the next level....As you are probably aware the cost to develop and bring to market a drug such as Remune is approximately $200 million. Now, with its approval seemingly close at hand the deals to market it and put on the market are happening behind the scene. The stock price will not wait for the final FDA word. It'll move up in advance of that news. It is generally expected to be approved.

Technically, I look for continued weakness through 12/1 and then $17 by month end 12/97.

Good luck,

Bob
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