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


To: Jibacoa who wrote (1874)8/31/2007 12:48:13 AM
From: tnsaf  Read Replies (2) | Respond to of 3722
 
Bernard, can you find anything in GILD's chart that is worth a comment? It has broken below its 200 day average, which it hasn't done since early 2005. It had looked like it might bounce along the top of the 200MA and be squeezed by the bottom of the 50MA to the upside, as has happened in the past.

Jason



To: Jibacoa who wrote (1874)1/14/2008 10:31:46 AM
From: Jibacoa  Respond to of 3722
 
SGEN opened with a DG & has been down 10% (about 9% at present) but is still holding above the $10 level.<g>

bigcharts.marketwatch.com

It announced today that it intends to offer to sell 10M shares of common with a 30-day option to the underwriters to purchase an additional 1.5M shares.

As previously mentioned,SGEN has a pretty good pipeline.>g>

SGN-40, which is developed in collaboration with DNA is in several trials for N-HL & MM.
SGN-33 is in a PI for AML and MDS.
SGN-35,an ADC, is in a PI for Hodgkin's.
SGN-30 is in several PIIs sponsored by the NCI also for Hodgkin's & ALCL.
SGN-70 is still in preclinical development.

It seems SGEN should be able to close today's DG & after a close above $12 retest its Dec4 all time H at $13.44

bigcharts.marketwatch.com

Bernard