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Gold/Mining/Energy : Vasogen-- VAS on TSE -- Ignore unavailable to you. Want to Upgrade?


To: Syncrude who wrote (211)9/10/1999 10:50:00 AM
From: brb  Read Replies (1) | Respond to of 377
 
More news, looks like Research Capital has raised their
1 year target price.

Post says Vasogen favoured by Research Capital
Vasogen Inc VAS
Shares issued 33,561,122 1999-09-08 close $2.8
Thursday Sep 9 1999

The Financial Post reports in its Thursday edition that shares of Vasogen fell 30 cents to $2.80 on the Toronto Stock Exchange on Wednesday, on volume of 2.4 million shares. Market Action columnist Stephen Miles notes that the Toronto-based biotechnology firm lost a little altitude after a stellar 32-per-cent jump on Tuesday. The jump came amid speculation that Vasogen will soon begin clinical trials on a compound that could keep organs shut down during surgery from later failing. The treatment is designed to stop the body's immune system from attacking organs during procedures such as open-heart surgery. On Wednesday, Vasogen appointed experienced campaigner Terrance Gregg to its board. Mr. Gregg is president and chief operating officer of MiniMed, a world leader in diabetes management systems. Since 1996, Mr. Gregg has led MiniMed to a 400-per-cent increase in revenue and a 15-fold increase in market capitalization, which now stands at $2.7-billion. Research Capital analyst Rob Millham has a "speculative buy" rating on Vasogen shares, with a 12-month target price of $5.