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| Medical
manufacturers rally to Food
giant collapses amid Opportunities
As New |
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| NIKKEI
13,549.23 -234.22 -1.70% HANG SENG 24,808.02 -306.96 -1.22% |
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| OIL
- 0.71 0.78% = $90.13 10YR 30/32 105 4/32 = Yield: 3.62% |
| Amcalon
delt blow by FDA Related report: |
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| Biotech and pharmaceutical stocks were mixed on Wall Street late Thursday, ending an unpredictable week for the sector. Shares of drugmaker Amcalon Corporation (nasdaq: AMCN) fell sharply today after the FDA. released a statement saying that the long anticipated drug XL6 (experimental mortosis inhibitor) had been denied access to use three out of the seven requested stem cells needed to further research and development. The inhibitor XL6 first came to light following a paper released to the Scientific and Medical Journal back in February. In it they describe a breakthrough in decelerating the onset of Necro-mortosis. Shares of Amcalon were down 5.8%, or $7.25, to $92.29.
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| ImClonex Systems (nasdaq: IMCLX), which
rallied Wednesday on good news from its Phase III trial for Mortosis vaccination
drug Ibrex, gave back some its gains Thursday, and was down off $2.72,
or 3.4%, to $35.18.
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