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Biotech / Medical : Biotech - Technical Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Jibacoa who wrote (111)3/1/2002 7:38:07 PM
From: Jibacoa  Read Replies (2) | Respond to of 544
 
Well, it is nice to see some Biotechs having double digits up-moves, something thhat we had been missing for a while.<g>

Today we had ADRX (the Ft.Lauderdale Co. <g>) up 25.29% fully closing the Feb.22 down-gap after a court dismissed Glaxo's claim and the company apparently will be able to start marketing generics for Wellbutrin and Zyban with 180 days "exclusve".<g>

EDEN was up 11.59% on volume of 197,800 of course it was selling earlier this week about 0.5 of book and below its cash/share.<g>

IMCL up 21.73% on volume of 14,015,800 (about double its average).<g> with help of the general market and yesterday's article on WSJ.<g> Erbitux is probably a good anticancer drug and the FDA may get to review it.<g>

NPRO Up 15.90%,albeit volume was less than its average.<g>

PHMD up 34% on volume of 695,900 (about 3x its average.<g>)after its PhotoMex Laser (used for psoriatic and other skin lesions) had approval of CPT code reimbursement as requested by the Academy of Dermatology.<g>

VLTS up 36.36% on volume of 202,400 apparently as a one week late reaction to its CEO, Dr. Benjamin F. McGraw, III, presentation at the 2002 BIO CEO & Investor Conference held at the Waldorf.<g>

TWTI (It didn't quite make it to the double digits gainers list, as it was up only 9.39%.<g>)on volume of 238,600 about 1.8x its average.<g>It has reported on Tuesday that its revenues for the year ended Dec. 31, 2001 ($34.1 M) were an increase of 199% from the $11.4 million of 2000.And its Invader genetic analysis sales increased to $30.4 million for fiscal year 2001, up from $10.9 million in 2000.

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Bernard