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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?


To: Jibacoa who wrote (181)1/9/2003 10:50:23 AM
From: Jibacoa  Read Replies (1) | Respond to of 3722
 
ABMD Started on an up-gap today.<g>

The FDA has approved its advanced heart assist device and the company is seeking to commercialize its AbioCor Implantable Replacement Heart and the Penn State Heart, two heart replacement systems that are under development.

Yesterday it announced that an AbioCor implant was performed Tuesday by University of Louisville surgeons at Jewish Hospital in Louisville, KY.

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The stock is now trading above its Jan.6 H but it still needs to close above its Dec.13 H of 4.87 before it can test its Nov.29 H at 5.46

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The stock has been selling close to book value. The insiders hold around 35% and there is a 14% short position.

The R/R at present levels appears to be favorable.

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Bernard