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Biotech / Medical : XNVAY or XEN

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To: Dave K who wrote (14)	3/7/1997 9:37:00 AM
From: Michael de Haan	of 28

LONDON, March 3 (Reuter) - Shares in drug discovery group Xenova Group Plc rose in early trading on Monday after upbeat comment on the stock in the Sunday Times, dealers said. The stock was up 35p at 360 by 0828 GMT in thin volume of 18,507 shares. The Sunday Times' Inside Track column said the company had "one of the world's leading capabilities to discover natural chemical leads" and looked cheap compared with others in the sector. The rise in Xenova helped give other biotech stocks a boost, with Biocompatibles Plc was up 35p at 13.15 stg, BTG Plc up 28p at 638 and Chiroscience Group Plc up 10p at 423. Xenova in January announced a research alliance with Bristol Myers Squibb Co of the U.S. but said the tie-up did not prevent it from seeking other partnerships. -- David Holmes, London Newsroom +44 171 542 4367

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