IMU 6.45% 3.3¢ imugene limited support of biostocks

  1. 3,097 Posts.
    listen guys
    keep us posted we are on the move
    either to achieve or
    to kill
    but that was our hint on imu
    made over 1000% profit on CMQ like some of the others, can we do it again?

    Biotech junior heads for the farmyard

    Tongues are wagging and wallets are getting excited about a Sydney-based biotech play called Imugene Ltd.

    Recently listed on the stock exchange, Imugene is an animal health company that is developing pharmaceuticals to help prevent diseases in farm animals.

    It has its sights on the pig and chicken segment of the farm market, and it is also working on applications to combat fleas in dogs and cats.

    Investor excitement is centred on its pig and chicken vaccines - the company is working on pharmaceuticals that could reduce or eliminate farmers' reliance on harmful antibiotics, chemicals and drugs.

    That is apparently important because by the time some meats find their way to our kitchen tables they are so full of growth hormones and drugs they could well have swum for East Germany in the Olympics.

    Imugene is expected to make a string of announcements about its most promising vaccines soon, with a drug for pigs touted as the company's first breakthrough pharmaceutical.

    Investors are hoping Imugene will follow in the footsteps of another listed animal health company, Chemeq.

    Shares in Chemeq rocketed 700 per cent between September 2001 and last October as the biotech chalked up a series of wins from its portfolio of germ-busting chemicals and substances. Today Chemeq has a market capitalisation of $240 million, while Imugene is still a junior with a market capitalisation of only $8 million.

    Voluntary Disclosure: No Position Sentiment: None

    Posted on May 3, 2003, 2:22 AM
    from IP address 203.213.53.
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