CXS - Chemgenex Phamaceuticals

[Amarillo Slim]

Hey guys,

Does anyone have any thoughts/ideas/opinions on this stock. It's entered late stage clinical trials for one of it's drugs and seems to have some decent backers. It's also featured in the current BRW on page 21. Has anyone else had a look?

Cheers...AS

 

[Deadcat]

ABN Amro has this one at a price target of 91c. Anyone have some dollars invested in this? Apparently Phase II results were positive for treatment of chronic myeloid leaukemia.

 

[Deadcat]

Results due 2nd quarter for trial phase II of drug for treatment of solid cancerous tumors. 50 patients partaking in trial. Very interested in results.

 

[maverick11]

With upcoming results, I expect this one to heat up soon.

$21m in the bank and excellent management - several large brokers are recommending a buy.

 

[mitch87]

results arent far away and this stock is set for a nice little rise if they come through with the goods. Just one thing to note, some rather large trades going through the last few days, at 10.49am today was one example, not sure what this means, good or bad.

 

[alex90]

Im thinking of buying in big tomorow in anticipation of the expected positive results. What are your thoughts? Have I missed the boat already?
cheers

 

[Glen48]

This week Courier Mail 1/07 reports more positive trials and expect it to reach 75c now at 4/55 and tells reports so far have been promising and doing better than other alternative drugs...

 

[matty193]

Submission made to the FDA reported in the Herald Sun today.

http://www.heraldsun.com.au/business/geelong-biotech-chemgenex-in-cancer-drug-first/story-e6frfh4f-1225771414522

Promising news. Any thoughts on this one?

 

[suhm]

I can't seem to find the trial results they are basing the NDA with the FDA on. Anyone able to help me out?

 

[Purple XS2]

I can't seem to find the trial results they are basing the NDA with the FDA on. Anyone able to help me out?

I imagine there'll be an announcement to the ASX early Monday (tomorrow), in light of the fact that there's coverage of results in Bloomberg, in a report on the release of results to a conference in New Orleans, timestamped "December 5, 2009 09:30 EST" (USA), which makes it early this morning, Aust-EST.
The report begins:
ChemGenex Pharmaceuticals Ltd., an unprofitable Australian drugmaker, said its experimental leukemia drug cleared the disease in 86 percent of patients, confirming results under review by U.S. and European regulators.
so it sounds good. Pity I don't hold, though I might - depends if the share price goes silly.

Have to love their description though: "an unprofitable Australian drugmaker ..."

Regards,
P.

 

[Go Nuke]

Gee the share price is having trouble making any headway with all the profit takers

For once I'd like to own a stock that goes UP..not down.

 

[Go Nuke]

Gee I like it how the big seller at .975 always disappears by the close each day.
Now we have a road block, scare tactic at .985c!

Bigger buyers flexing muscle to shake out weak sellers prior to the FDA ruling.....
or perhaps Orbis are offloading more.

Guess someone can see an oppertunity opening elsewhere and have acheived their target with CXS and are now exiting.

Happy to know there are others to buy up.

I did read somewhere that to offload a decent about, sell into announcements when the buyers come out.
Good average I guess.

Now all i need is the millions of dollars to do the same

 

[Go Nuke]

Gee anyone who says a stocks share price isn't "manipulated" is full of crap imo

Watching the close today....a buy order came in and withing SECONDS a sell order came in with 1 extra share to hold the price down.

The buy order changed again and whata ya know...the sell order changed by 1 to suit.

Absolute bs that a company can have its share price manipulated!

 

[bilo83]

CXS is getting smoked because of the FDA comments.

Does the FDA usually come out like that before the panel recommendation?

 

[Vulture]

It is interesting that everyone seems to be caught up in the FDA'a comments to Chemgenex regarding the drug testing not firstly identifying the test subjects with the genetic mutation first.

What about the point that the drug worked on both test subjects with the mutation and those without.

I have picked up CXS after this lovely little market crash and IMO will profit nicely (alas i may need to wait 4 - 6 weeks) but that won't bother me when i'm counting the .

 

[voigtstr]

Thirty three percent jump today after a company announcement. A thirty three percent jump four months after a fifty percent drop may be small comfort. I'm hoping there is more positive news to come...

Is 70 cents an unrealistic target at this stage?

 

[voigtstr]

Thirty three percent jump today after a company announcement. A thirty three percent jump four months after a fifty percent drop may be small comfort. I'm hoping there is more positive news to come...

Is 70 cents an unrealistic target at this stage?

Yes, apparently it was. For what its worth I'm holding a small parcel of CXS.

 

[voigtstr]

ok, theres a takeover bid at 70cents a share... is there likely to be an option where they pay us out, or do we have to hold the U.S. shares?

 

[skc]

ok, theres a takeover bid at 70cents a share... is there likely to be an option where they pay us out, or do we have to hold the U.S. shares?

I think it's a cash offer.

 

[voigtstr]

Can someone explain to me why, after an offer is made at 70 cents by Cephalon, the stock is falling away over the last few days.

disclosure: yes I own some CXS