PPHM Bird flu news this morning is pretty big as I see it. Plus, stock had no run up yesterday like the other Bird stocks did. Keep an eye on it today, I think it will go over 2.
7:02AM Peregrine Pharma bavituximab shows potential activity against avian flu in initial testing (PPHM) 1.41 : Co announces that its lead anti-viral compound bavituximab (formerly Tarvacin) completely inhibited replication of a laboratory strain of the H5N1 virus, commonly known as avian flu, in fertilized chicken eggs, an in vivo model for influenza anti- viral activity. These preliminary findings will be reported today at the 106th general meeting of The American Society for Microbiology. Bavituximab, a monoclonal antibody with unique anti-viral and anti-cancer properties, has already demonstrated good tolerability in a Phase l trial in patients with HCV infection. "This first set of results showing that bavituximab appears to have inhibited H5N1 viral replication in the fertilized egg model and the supportive data confirming that bavituximab binds to H5N1 viral particles are encouraging."