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I also am looking to get back in I like the company they have a lot going for them.
Than candle formation on the 3 month one day chart looks like a reversal candle but tomorrow will tell.I will just have to wait and see.
Hey justtryme90 looks like we have a reversal candle and there is still a gap down at .0033 and a big one back on 1/10/13 at .0012 just not sure how far it may go back down.I have already sold.
MulaWin where is that gap
I learned a long time ago reading charts gives you the real story of whats going on with a stock.
Where you at JUSTTRYME90 did I not tell you there was a gap
And just to let you know there is a gap lower than that and if it fills it is going down to .0035
Well lets see who is right
Obviously your not a chart reader
There is a gap down at .0044 on the intraday chart that needs to be filled.
She bounced off the 261.8 Fibonacci Extension and should break that tomorrow.
Yeah she just filled that gap down at .0052 now she can run again.
She just filled the gap at .0047 on intraday chart now she can run some more.
Needs to now come down and fill gap on intraday chart at .0047
She has filled the gap and now she can run again.
Does anyone know what a 999,999 on the ask means
Sorry Sheep it is true has been hit 6 other times in the past 7 weeks
How do you find your penny stock to short and what broker d you use?
The chart is looking excellent. People can say what they want but charts tell the truth and they don't do guess work.
Excellent post.
On 10/9 you said we were going to triple 0's
Tell me why we need a R/S with only 131 million float no harm meant but you must have not been trading very long.
You are in OTC PinkCurrent MarketWTWOCompany Info
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WTWO W2 Energy, Inc.
Common Stock OTC Pink Current Information
0.00170.00 (0.00%) at 13:57:00 ESTReal-Time Best Bid & Ask0.0015 / 0.0017 (1 x 1)Why is size 1?
Contact Info
345 Woodlawn Rd. W
Guelph, ONT N1H 1G3
Canada
Website: http://www.w2energy.com
Phone: 519-341-4776
Email: info@w2energy.com
Update Company Info
Business Description
W2 Energy Inc. develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy's plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt. W2 Energy Inc. has seasoned management, cutting edge technology and owns a large technology portfolio of patents and know-how that ...
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Financial Reporting/Disclosure
Reporting Status Alternative Reporting Standard
Deregistered a/o Jun 17, 2009
Audited Financials Audited
Latest Report Sep 13, 2012 Quarterly Report
Regulatory Agency Not Available
CIK 0001366430
Fiscal Year End 12/31
OTC Market Tier OTC Pink Current
Profile Data
SIC - Industry Classification 1321 - Natural gas liquids
Business Status Development Stage Company a/o Mar 31, 2008
Incorporated In: NV, USA
Year of Inc. 1994
Employees 10 a/o Jan 28, 2011
Company Officers
Mike McLaren CEO
Company Directors
Pierre Besuchet
Sigmund Friberg
Mike McLaren
Company Notes
Note=12-29-05 company is in the development stage
Formerly=World Wise Technologies Inc. until 12-04
Service Providers
Auditor/Accountant
Sadler, Gibb & Associates LLC
291 South West
Farmington, UT, 84025
United States
Legal Counsel
Fredric H. Aaron, Attorney at Law, P.C.
14 Vanderventer Avenue
Port Washington, NY, 11050
United States
Investor Relations Firm
Infinity Global Consulting
WTWO Security Details
Share Structure
Market Value1 $309,480 a/o Sep 26, 2012
Shares Outstanding 182,046,806 a/o Sep 13, 2012
Float 131,966,988 a/o Sep 13, 2012
Authorized Shares 750,000,000 a/o Nov 21, 2011
Par Value 0.001
Shareholders
Shareholders of Record 113 a/o Sep 13, 2012
Security Notes
Capital Change=shs decreased by 1 for 10 split. Pay date=12-15-04.
Capital Change=shs decreased by 1 for 20 split Pay date=01/25/2008.
Capital Change=shs decreased by 1 for 100 split. Pay date=11/21/2011.
Short Selling Data
Short Interest 9,062 (-52.93%)
Sep 14, 2012
Significant Failures to Deliver No
Transfer Agent(s)
Transfer OnLine, Inc.
1Market Value calculated only for respective security
Trade Free for 60 Days Plus Get up to $500 at E*TRADE Securities
Intraday chart looking real good no gaps to fill below .0035 she should run.
Thers is a gap on the intrady chart back down at .0033 it may go back down to fill that.
Level II looking real good and thin
I call it normal retracement, After a 3 or 4 day run day traders and others are going to take profits. This is a very strong stock.
Share Structure OTCMARKES 2012
GFMD Security Details
Share Structure
Market Value1 $137,467 a/o May 11, 2012
Shares Outstanding 68,733,280 a/o Apr 19, 2012
Float 31,256,091 a/o Apr 19, 2012
Authorized Shares 500,000,000 a/o Jan 06, 2012
Par Value 0.001
Shareholders
Shareholders of Record 361 a/o Jan 18, 2012
Corporate Actions Ex. Date Record Date Pay Date
Security Notes
•Capital Change=shs decreased by 1 for 5 split Pay date=12/18/2001.
•Capital Change=shs decreased by 1 for 200 split. Pay date=12/27/2011.
Short Selling Data
Short Interest 0 (-100%)
Apr 30, 2012
Significant Failures to Deliver No
Transfer Agent(s)
American Registrar & Transfer Co.
Share structure OTCMARKETS 2012
Financial Reporting/Disclosure
Reporting Status U.S. Registered & Reporting: SEC Filer
Audited Financials Audited
Latest Report Not Available
Regulatory Agency Not Available
CIK 0001005502
Fiscal Year End 12/31
OTC Market Tier OTC Pink Limited
Profile Data
SIC - Industry Classification 7389 - Business services, misc
Business Status Development Stage Company a/o Jul 18, 2011
Incorporated In: NV, USA
Year of Inc. 1985
Employees 2 a/o Jul 18, 2011
Company Officers
Michael Cummings CEO, Secretary
Company Directors
Michael Cummings Chairman
Company Notes
•Formerly=Energy King, Inc. until 10-2011
•Formerly=Buckeye Ventures, Inc. until 3-2008
•Formerly=World Wide Motion Pictures Corp. until 4-06
Service Providers
Auditor/Accountant
Not Available
Legal Counsel
Thomas J. Craft, Jr.
5420 North Ocean Drive
Singer Island, FL, 33404
United States
Investor Relations Firm
Market Maker Speaks Out
Saturday, May 7, 2011
Market Maker Speaks Out: Ways of a Market Maker
Categories: Learn, Story
I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."
Market Maker's Operating Procedure
The savvy long-term investors never chase stocks up. For the most part that is momentum players and daytraders where most of it or what follows is dumb money. Instead the long-term investors use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading against the public mind or the dumb money. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. However the second is not to doubt the research which is the underlying basis for going long and holding.
More and more investors are winning the game nowadays despite all bashers that float through the Internet that has become part of the game. Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price.
MMs follow a simple code of business when making a market in a stock especially an OTC BB. That is the level that stocks will seek that yields the most volume. Now this is very important because they make money on the volume buying at the bid and selling at the ask. In other words, by making the market they are buying low and selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $83 or at $0.23. All they care about is the action thus being able to sell stock at the offer (The high) and buy stock at the bid (The low). To increase their profitability, they make the spread as great as possible on as many shares as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy and sells to get the maximum action. Remember, MMs play the volume. If the volume decreases and there are mostly Buys that become a one way volume, Buy volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there that they can and then comes the pullback one way or another naturally or induced. During the pull back they can buy tons of shares and flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see
The average price is the point where a stock seeks a level where MMs can profit on the most volume. So during the day that is the price that MMs and momentum/day traders want to see the stock at. Why? Because they know the public and dumb money was chasing the price thing up. Most of the time, the MMs love a flurry of Market Orders which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them. Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance they get and the NASD is not going to do anything about it. They are merely making the market liquid is there reasoning.
The market makers have created an added complication to the OTCBB's chaos of the already volatile intra-day price movements created by dumb money, momentum and day-traders. MMs can not relate to long-term holders in the OTC BB. That makes absolutely no sense what so ever. They feel a large percentage of trades in the OTC BB market consist of short-term or day-trades, MMs merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMs feel or rather know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop.
Now somewhat comfortable with this logic the MMs merely short sells into the buying and attempts to take the stock down in an effort to "shake out" the weak. Since it is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMs. What the long-termers do to a stock is surprise the MMs because instead of falling the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy campers. The investors and traders are supposed to be doing that no them. Now it becomes time to pull out every trick and tactic in the book in order to attempt to get a Bear Raid at every dollar mark or percent from where the stock started. Could be a penny in smaller priced securities? What MMs do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMs short position so they let it go to the next level. Now come more deliberate tactics MMs use to coerce Bear Raid or panic selling.
Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB. They start accumulating and buying comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of collusion designed to fix quotes or spreads, but a recent SEC investigation tells another story.
MMs have a vast resource of tactics and it would take probably more than my lifetime to figure them all out.
So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB vs the MMs, if the MMs have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence.
However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper.
The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company.Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs.
This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin.
A lot of times news does not come out till the end of the day
This is a normal retracement from a very hard 3 day run. This stock has a lot going for it give it a little time.
I did do some DD on this company and I have learened things the hard way about share stucture and reverse splits and name changes but a lot of those I was in did not have much value. Just tying to get as much info as I can I thought that what these boards were for was to share info and help each other out.
I have a few questions if anyone can answer and I am in this stock. I have friends who say I should be worried about a possible ticker symbol change and maybe a reverse split. They say if the symbol changes we could lose everything.
Does anyone know what the float is on this stock?
MONEY AND MARKETS»
Wednesday, October 14, 2009
YOUR BEST SOURCE FOR THE UNBIASED MARKET COMMENTARY YOU WON'T GET FROM WALL STREET
[«] Money and Markets 2009 Archive
View This Issue On Our Website [»]
Gold Giving Another Strong Buying Signal
by Claus Vogt
Dear Aaron,
In my September 9 Money and Markets column I showed you this gold chart:
Source: www.decisionpoint.com
On that date, I said, "This breakout of a huge triangle is a clear technical buying signal." I added that the minimum price target of this triangle formation was roughly $1,100. This was well above major resistance in the $1,000 area, thus hinting that another major breakout and buying signal would take place soon.
Well, that's exactly what happened last week!
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Gold Hit 1,059 ...
Triggering Another Major Buy Signal
Take a look at the weekly chart below. It gives you a good perspective of how important this breakout to new high ground actually is. As you can see, it signals the end of a medium-term correction that began in March 2008 and the beginning of the next medium-term up trend of a secular bull market that started in 2001.
Source: www.decisionpoint.com
The minimum price target of this huge consolidation pattern is $1,300. And I believe much larger gains are certainly possible.
Also consider this: Four weeks ago the Hulbert Gold Newsletter Sentiment Index (HGNSI) stood at 25.2 percent. Now, four weeks later and gold nearly $100 higher, the HGNSI has actually fallen to as low as 18 percent! A rising market accompanied by a declining number of bulls is a rare development. And it's clearly bullish.
Longer Term Fundamentals
For Gold Are Very Bullish, Too
There are many fundamental reasons to own gold.
Besides the technical buying signals I've given you today, I want to repeat the major fundamental arguments for owning gold:
• As a consequence of the current financial and economic crisis, government debt is going through the roof — not just in the U.S., but all over the world.
• Worldwide central banks are printing money like there is no tomorrow.
• Gold demand is rising due to wealth creation in emerging economies where gold still plays a large role as a store of value.
• Gold demand is even rising in the West as more investors doubt the wisdom of central banks and governments.
• Gold supply is stagnating or even slightly shrinking — despite the metal's price rise since 2001. This is because it's getting ever more difficult and expensive to get gold out of the earth.
• Finally, central bankers who were eager to sell government gold at much lower prices a few years ago, are getting increasingly reluctant to keep doing so. Emerging market central banks are even buying.
As long as most of these catalysts for higher gold prices remain in place, I expect the long-term bull market to continue. And much higher highs are very likely.
Best wishes,
Claus
P.S. Larry Edelson will be issuing his landmark resource recommendations later this morning. It's too late to sign up on the Web. But if you call right now, you can still get on the e-mail distribution list in time. The number is 800-604-3649.
________________________________________
About Money and Markets
For more information and archived issues, visit http://www.moneyandmarkets.com
Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Nilus Mattive, Claus Vogt, Ron Rowland, Michael Larson and Bryan Rich. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include Kristen Adams, Andrea Baumwald, John Burke, Amy Carlino, Selene Ceballo, Amber Dakar, Dinesh Kalera, Red Morgan, Maryellen Murphy, Jennifer Newman-Amos, Adam Shafer, Julie Trudeau, Jill Umiker, Leslie Underwood and Michelle Zausnig.
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John Paulson buying Citigroup shares - NY Post
Thu Aug 27, 2009 5:01am EDT
Email | Print | Share| Reprints | Single Page[-] Text [+] Featured Broker sponsored link
Aug 27 (Reuters) - Hedge fund manager John Paulson, who bet against financial companies after foreseeing the credit crisis, has been buying Citigroup Inc (C.N) shares over the past few weeks, the New York Post reported, citing sources.
Paulson bought around a 2 percent stake in Citigroup, a source told the paper. An investor with a 5 percent or higher stake in a company would have to make a disclosure with the U.S. Securities and Exchange Commission.
Sources told the paper Paulson believes Citigroup's assets are undervalued. A spokesman for Paulson declined to comment to the paper on the hedge-fund manager's investment activities.
Paulson's investment moves are monitored by investors after he predicted the implosion of mortgage markets in 2007 and the collapse of banks and other financial companies in 2008.
A spokesman for the hedge-fund manager was not available to comment. (Reporting by Ajay Kamalakaran in Bangalore; Editing by Dan Lalor)
Home > News > Genta completes enrollment in Phase III melanoma trial
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Genta completes enrollment in Phase III melanoma trial
Published:15-April-2009
By Datamonitor staff writer
Plans discussions with global regulatory agencies for marketing approval if results are positive
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Genta files for FDA special protocol assessment of new anticancer drug
Genta, a biopharmaceutical company, has submitted a proposal to the FDA for a randomized clinical tr ...
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Genta, a biopharmaceutical company, has completed patient enrollment in Agenda, a Phase III trial of Genasense injection in patients with advanced melanoma. Final accrual totaled 315 subjects.
Agenda is a Phase III, randomized, double-blind, placebo-controlled trial that is intended to support global registration of Genasense for patients with advanced melanoma.
The study was designed to confirm certain safety and efficacy results obtained in a prior randomized trial of Genasense combined with dacarbazine in patients who have not previously received chemotherapy. Agenda employs a biomarker to define those patients who derived maximum clinical benefit during the preceding study. These patients are characterized by low-normal levels of lactate dehydrogenase, a tumor-derived enzyme that is readily detected in blood.
Raymond Warrell, Jr, chief executive officer of Genta, said: "Completion of this trial represents a major milestone for our company.We currently project that the final assessment of progression-free survival will be analyzed approximately six months after the last patient has been enrolled. If positive, we plan discussions with global regulatory agencies regarding submissions for marketing approval based on this result coupled with our extensive prior data."
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Not until after it is voted on and according to the 8K filing price must his .20 for 20 days before it can be done.
This is good it closed the gap not we won't have to worry about is coming down from a higher price to do that.