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Biotech / Medical : IMNR - Immune Response

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To: Emec who wrote (1139)11/3/1998 11:14:00 AM
From: jake burns  Read Replies (2) of 1510
 
Most stocks do not go up upon fda approval. Rather, they run in advance of the approval...investors anticipate that it will happen. Same thing will occur with Remune. When the application is made, this baby's going to run. I think we'll be over 30 dollars by year-end, based on great RA data being released. I forget the name of IMNR's ra drug...it's going to be called Zybac or something like that...anyway, it's not toxic like enbrel, is easier to administer, and intervenes in the disease process at an earlier stage. The 14 dollar range has been a very important resistance point. Once we punch through this, I think we will go on a nice run. Good luck all.
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