Keryx Biopharmaceuticals Inc fka KERX

[califax]

Keryx shares jump on media report

12.04.2010 19:50
http://www.finanznachrichten.de/nachrichten-2010-04/16603567-keryx-shares-jump-on-media-report-020.htm

April 12 (Reuters) - Shares of Keryx Biopharmaceuticals Inc rose to their highest in two years Monday, a day after a media report said the stock could triple in value over the next year.

Brean Murray Carret and Co analyst Jonathan Aschoff pointed to a report Sunday on the Seeking Alpha website that suggests that Keryx's stock could reach $14 by 2011.

Keryx shares, which have gained about 30 percent in the last one month, were up 21 percent at $4.20 Monday afternoon. They touched a high of $4.22 earlier in the day.

On April 5, Keryx stock gained as much as 22 percent as its experimental cancer drug perifosine received fast-track status from the U.S. health regulator.

The status grants the company and its Canadian partner Aeterna Zentaris seven years of market exclusivity.

(Reporting by Vidya L Nathan in Bangalore; Editing by Unnikrishnan Nair) Keywords: KERYXBIOPHARMACEUTICALS/SHARES

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