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Biotech / Medical : Bio Technology General - BTGC -- Ignore unavailable to you. Want to Upgrade?


To: Jim Oravetz who wrote (1980)1/23/2000 6:32:00 PM
From: Slugger  Respond to of 2028
 
This is a few days old, but wasn't posted here:

Thursday January 20, 9:38 am Eastern Time

RESEARCH ALERT - Bio-Technology started

NEW YORK, Jan 20 (Reuters) - Warburg Dillon Read on Thursday said analyst Michael Wood initiated coverage of
Bio-Technology General Corp. (NasdaqNM:BTGC - news) with a buy.

-- said company has $700 million market cap and trades at a ``substantial' discount to other profitable biotechs.

-- sees EPS growth of about 20 percent over next five
years.
-- set price target of $18.50.
-- said firm has five products on market, with two biggest

expected to drive most of firm's earnings growth over next two years.

-- Shares rose about 1/2 to 15-11/16 in Nasdaq trade early on Thursday.



To: Jim Oravetz who wrote (1980)2/2/2000 1:02:00 PM
From: Jim Oravetz  Read Replies (1) | Respond to of 2028
 
Draxis Health Starts Phase III Fibrimage Trials
MISSISSAUGA, Ont. -- Draxis Health Inc. (DRAX) said its Draximage Inc. radiopharmaceutical subsidiary has started Phase III clinical trials in Canada for Fibrimage, a diagnostic tool for deep vein thrombosis, or DVT.
In a news release, the drug company said the trial should involve 130 patients and be completed by the end of the year.
DVTs are blood clots that form in the lower limbs and can lead to a pulmonary embolism, or a blockage of blood flow to the lungs, a condition that kills about 200,000 people a year in the U.S., it said.
It said Fibrimage is based on Fibrin Binding Domain, a recombinant polypeptide developed by Bio-Technology General Corp. (BTGC) and licensed to Draximage on an exclusive, worldwide basis.