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


To: JMarcus who wrote (210)1/16/2003 12:08:07 PM
From: Jibacoa  Read Replies (2) | Respond to of 3722
 
NTII Yes, it needs to close above the December 16 H of 6.88 That would be another 52 wks H and will probably let it test its November 2000 H at 7.25 <g>

The stock is somewhat stranded for cash.($0.08 cash/share) albeit its last Q loss was $0 and they have started to receive income after the approval in Europe of Memantine for the treatment of Alzheimer's disease.

FRX submitted to the FDA an NDA in December for memantine. If the drug gets approval in the US that would be good news for NTII.<g>

The stock is still selling at more than 19x book and institutions reportedly have been doing some selling.

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Bernard