Showing posts with label biotech. Show all posts
Showing posts with label biotech. Show all posts

Tuesday, 30 March 2010

"Surprise" prognosis on Antisoma

Whither Antisoma, once one of British biotech's greatest stars that's now worth less than its £50m bank balance?
Its shares slumped 75% to 8p yesterday (plus another 1.3p today) after trials of its cancer drug failed - all of which sounds like bad news for patients, investors and, er, the City "experts" who followed the company.
As recently as September, KBC Peel Hunt reckoned the shares were a "buy" at 27p (and set them a target of 70p!) while last month Charles Stanley confidently told its clients to wade in at 35.5p. D'oh!