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


To: Jibacoa who wrote (1958)1/7/2008 9:29:40 AM
From: Jibacoa  Read Replies (2) | Respond to of 3722
 
BIIB Is finding support at the $55 level & will open with a small UG today after reporting new data on the global utilization, safety and overall patient exposure of TYSABRI.
More than 21,000 patients were on commercial and clinical therapy
& the safety data continue to support a favorable benefit-risk profile for TYSABRI. These data will be presented today at 4:00 p.m. PST at the 26th Annual JPMorgan Healthcare Conference in Frisco.

bigcharts.marketwatch.com

ELN is also due to do better after the "news".<g>

bigcharts.marketwatch.com

Bernard



To: Jibacoa who wrote (1958)2/13/2008 12:04:22 PM
From: Jibacoa  Respond to of 3722
 
ELN is bouncing up from the $25 level in spite of its > 300% larger loss in the 3rdQ, but It forecasted a 30% rise in revenues over the coming year on rising demand for Tysabri.

bigcharts.marketwatch.com

It said that it remains confident that they will have 100,000 patients on Tysabri by the end of 2010, with the drug achieving sales of $1B in the next 12 months or so, helped by the fact that it will soon be available in the US for treatment of Crohn's.

The loss in the 3rdQ was about $0.02 > the "analysts" expectations.<g>

Revenues of $218.3M were 31% better than the $166.4M in 2006

The stock needs to close above its Feb4 H of $26.88 in order to make a 3Yr H.

The next important resistance is the Feb 2005 of $29.93 which is close to the Nov 2004 H of $30.45

bigcharts.marketwatch.com

Bernard