Biotechs and Healthcare - The Next Boom

[CanOz]

SOrry all! PXS did shoot up to $3.42 today then dived again until I was stop lossed out @ $3.26. very frustrating
If it's going to swing wildly like this in a day should be day trading it instead. All I've been doing is making Pestpac rich.

Curious on what criteria you use to set your stops? I just glanced at the chart for this and thought 2.99 looked like a great spot for a stop.

Cheers,

 

[Gurgler]

Saw this article today on FN Arena.

Tissue Therapies Announces ‘Very Positive’ Deal
FN Arena News - January 29 2007

By Rudi Filapek-Vandyck

Aussie biotech Tissue Therapies (TIS) has reported a supply contract with Nasdaq-listed Invitrogen Corp for the promotion and sale of its VitroGro protein platform. The agreement will result in the world-wide distribution of Tissue Therapies' VitroGro for use by biomedical scientists in research institutions and pharmaceutical and biotech companies.

Even though few terms of the agreement have been released, analysts Tanya Solomon and Scott Power at ABN Amro Morgans view it as a "very positive" step for the company.

Under the agreement Tissue Therapies' VitroGro will be manufactured under contract with an agreed supply price to Invitrogen. Additional revenue will be generated by half yearly royalty payments as well as additional one time payments on the achievement of agreed milestones. Sales are expected to start early in the second half of calendar 2007.

ABN Amro Morgans intends to follow up with a research report shortly. At the moment the recommendation for the stock is Buy with a price target of $0.71. The shares closed at $0.48 on Thursday.


Anyone holding?