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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (17993)7/24/1999 3:15:00 PM
From: Wes Stevens  Respond to of 56535
 
Max this news originally came out about a month and 1/2 ago when the stock was sitting at about 22. It jumped pretty good with the news. C-225 is a long ways into phase III. They must really like what they see to start building a plant. Just the fact that they are building their own plant tells you what they think the potential of this drug is. Most of the time a small biotech research company like IMCL would team up with a bigger partner that already has a manufacturing facility. In this case the drug is good enough that they are unwilling to share.