Shares of Protalix rising on report from Brazil |
![]() |
![]() |
By Staff and Wire Reports |
Wednesday, 29 September 2010 09:03 |
Brazilian Health Minister Jose Gomes Temporao said the medicine, called the enzyme taliglucerase alfa, would be produced at a lab in Rio under the 1.25-billion-real (730-million-U.S. dollar) agreement. Back in December of 2009, Pfizer Inc. struck a commercial pact with Protalix BioTherapeutics Inc. for an experimental treatment of the rare genetic disorder, ending weeks of speculation that the pharmaceutical giant was eyeing a takeover of the Israeli firm. The stock has been trneding higher since August and technical indicators show strong support at $8.15 with some resistance at $8.84. In addition several other technical indicators are displaying a very bullish sentiment on the stock. $12.50 is the 52-week high for shares of the company. See the story from Xinhuanet here: http://news.xinhuanet.com/english2010/health/2010-09/29/c_13535374.htm For more on the stock's technical analysis go to: http://www.stockta.com/cgi-bin/analysis.pl?symb=PLX "Featured Content" profiles are meant to provide awareness of these companies to investors in the small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. BiomedReports is not paid or compensated by newswires to disseminate or report news and developments about publicly traded companies, but may from time to time receive compensation for advertising, data, analytics and investor relation services from various entities and firms. Full disclosures should be read in the 'About Us Section'. Add this page to your favorite Social Bookmarking websites ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |