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


To: Jibacoa who wrote (1000)6/9/2005 11:32:04 AM
From: Jibacoa  Read Replies (1) | Respond to of 3722
 
SCLN Has continued its upward move, apparently due to the insiders support and not being affected by A.G.'s usual depressing factor on the market.<g>

The stock seems ready to test its Oct.29 H at the 4.86 level in spite of the unimproved outlook for a lower loss in the near horizon.<g>

The stock is up another 13% today.There are some reports of "italian investors" buying another 600Ks.

Their ZADAXIN has been approved in many countries including China for treatment of hepatitis B & C and is in a PII in the US. SCLN also has a PII going on in Japan and a PII in Europe for MM and 2 PIIs in US for Ca of liver. There are also some trials going on in Mexico and Taiwan.

As previously mentioned the Debt/Equt. Ratio is low and the Co. probably has enough cash to complete the current trials.It seems that some insiders have an enthusiastic opinion about the final results of some of these trials.<g>

bigcharts.marketwatch.com

Bernard