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This company has 4 to 5 dollars written all over it. The investment house that was supporting the stock went out of business and we were left holding the bag. I bought back in at 7/8. The company has plenty of cash and has been on the verge of a break-thru in RNA research for CFS cure. Check this out... Innovir (NASDAQ:INVR) is a biotechnology company developing a broad enabling technology known as External Guide Sequences (EGSs) that has the potential to be applied as a therapeutic in the areas of viral, genetic and metabolic diseases, cancer and bacterial infections. EGSs are compounds that have been designed to target specific sease-causing mRNAs,resulting in their cleavage and inactivation by RNase P, a ribozyme found in all living cells. The EGS complex acts as a "decoy" to redirect RNase P to cleave the target RNA before it can create disease-causing proteins. The majority of available human therapeutics target protein molecules rather than RNA. EGS technology is based upon Nobel-Prize winning research by Dr. Sidney Altman of Yale University. Innovir has received an exclusive worldwide license from Yale to develop this patented technology for new therapeutics. The Company is pursuing hepatitis B and acute promyelocytic leukemia (APL) as initial disease targets. Both have shown positive response to EGSs in vitro, suggesting proof of principle for the therapeutic potential of the technology. In addition, Innovir has entered into collaborations with The Rockefeller University to explore the use of EGS for diseases such as psoriasis and with the University of Pennsylvania to evaluate the use of EGS technology to inhibit plant gene expression. | ||||||||||||||
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