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Biotech / Medical : IMNR - Immune Response -- Ignore unavailable to you. Want to Upgrade?


To: AHM who wrote (874)7/10/1998 11:29:00 AM
From: AHM  Read Replies (2) | Respond to of 1510
 
The following paragraph was in today's thestreet.com in an article that analyzed AGPH in depth - its comments are not favorable towards Remune:

QUOTE

Johnson's (Peter Johnson, AGPH CEO) rush to license even led him to do a deal for Immune Response's (IMNR:Nasdaq) Remune, which was once was supposed to be a vaccine for AIDS and now is meant to act as an immune system enhancer. But analysts consider this a controversial move, since after years of testing it continues to be
unclear what place, if any, Remune will have in AIDS treatment. Immune Response stock rose about 55% in the days before the conference but fell more than 20% during and after the meeting.

END QUOTE

Since trading volumes were large when today's 10:36 7/8ths dip occurred, it seems as if a major investor decided to get out. Several trades at this time were for 7,500 and 10,000 shares each - with many in the 1,000's and up. I wonder if this article caused this bailout and how much more selling will be seen today.