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


To: Jibacoa who wrote (2039)11/16/2007 4:57:32 PM
From: Jibacoa  Read Replies (2) | Respond to of 3722
 
IVD was up for 2nd day on a roll.

The stock was up 29% albeit the volume was less than yesterday.<g>

bigcharts.marketwatch.com

IVD is a division of IVAX, which at one time was among Florida's largest pharmaceutical firms, until it was acquired by Teva Pharmaceutical for $7.4 B in 2005.(Dr. Phillip Frost had built the company form the original Key Pharmaceutical, which he started in 1972 with $100Ks.<g>)

IVD is still trading around 0.5xBV & although there are 27.6M shrs out, the float is < 7M, since Teva through Ivax controls > 70% of the shrs.<g>

IVD reported a net loss of $7,841,000 for the 3rdQ, but there were non-cash charges totaling $7,526,000 As of Sep 30, IVD had 25,255,467 of total assets & 5,539,549 of total liabilities.It seems the stock has a chance of getting back to the $1 or even the $2 level.<g>

bigcharts.marketwatch.com

Bernard



To: Jibacoa who wrote (2039)1/26/2008 12:09:54 AM
From: Jibacoa  Read Replies (1) | Respond to of 3722
 
LMRA Was up 35.48% on volume of 694,894 >3x its ADV & continued to hold its gain AHs.

bigcharts.marketwatch.com

As previously mentioned,I traded LMRA in 2006 during its Oct-Nov run, which started at a level lower than its present one. At that time what caused the spike was its presentation at the Westergaard SmallCap conference & the announcement of the successful testing of its millimeter wave wireless bridge, which reportedly,is able to transmit vast amounts of data by a variety of high speed telecommunications networks.

bigcharts.marketwatch.com.

My interest on LMRA is because of its NanoCapture arrays and ProteomicProcessor, a field in which there is a good amount of competition with several companies involved,many of them in this list:

functionalgenomics.org.uk

In July LMRA formed a wholly owned subsidiary, Plexera Bioscience,where it transfered the operations of its bioscience business and is led by Joseph Vallner, Ph.D, who was before at CEGE & years ago at Syntex & GD Searle.

Leroy Hood, M.D., Ph.D., president and co-founder of the Institute for Systems Biology, & Josh LaBaer, M.D., Ph.D., founder and director of the Institute of Proteomics at Harvard Medical School, joined LMRA's Scientific Advisory Board in April 2006.

ir.lumera.com

Disclosure: I sold most of my shares in 2006 at $10, but still have a small position.

The stock is starting to get off from the DT coming from its Oct15 H at $4.74 (LMRA has substantial amount of resistance at that level from its Jul, Sep & Oct Hs.)

The analysts don't seem to have an advertised target for LMRA of which I am aware, but I will continue to hold mine around $5 for 2008, which would still be a nice gain from present levels. Of course if it can close above $5 & it has some good news I may have to raise that "target".<g>

bigcharts.marketwatch.com

Bernard