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04/23/08: CW BioTech: close SPPI & SIRT positions

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MLD38   Thursday, 04/24/08 06:46:26 PM
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04/23/08: CW BioTech: close SPPI & SIRT positions

NOTE: I do NOT subscribe, but doing symbol search on ChangeWave's website, I can read the titles of the newsletter items.

04/23/2008: Close Spectrum Pharmaceuticals (SPPI) and Sirtris (SIRT), Biotech

SPPI & SIRT News items:

April 22, 2008: Spectrum (SPPI) prostate drug fails in mid-stage study

April 23, 2008: Sirtris (SIRT) shares jump on buyout offer from GlaxoSmithKline
--- eye-popping 84% premium to Sirtris' Tuesday closing stock price of $12.23 ---


SPPI ( 52 week range = 0.46 - 7.88 ) --- now trading around $1.66

SIRT ( 52 week range = 9.50 - 22.34 ) --- now trading around $22.28 up about 84% from Tuesday closing
SIRT IPO'd in June 2007 with 6 million shares offered at $10
SIRT 180 day locked up shares ended in Nov of 2007

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