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Shares of Immtech Pharmaceuticals Inc. (IMM) were on

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Teamlasvegas   Friday, 12/28/07 12:52:56 PM
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Shares of Immtech Pharmaceuticals Inc. (IMM) were on the rebound, up 10% to $2.38. The stock lost almost half its value earlier in the week after Immtech said it was temporarily halting Phase III testing of its drug parfuramidine over safety concerns. The company has been testing the drug against a certain type of pneumonia that commonly strikes AIDS patients.
Immtech has been co-developing parfuramidine with Par Pharmaceutical Cos. (PRX). Shares of Par were down almost 3% to $23.72.


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