Replies to post #48018 on Cytogenix (fka CYGX)

[Paulness]

nearlynapping ,remember this from January CEO update,

(The generation of our first meaningful revenue stream; at the present time, our customers prefer that we not identify them to preserve their competitive advantage;
Continued improvements in the scaling up of the production of synDNA, an effort spearheaded by Drs. Michael Ma and Fredrick Kendirgi;)

[Sanoman]

OT:

AVI BioPharma Completes Purchase of Building for GMP Manufacturing
Facility to Support Future Drug Supply Needs

April 20, 2007 - 9:03 AM EDT

AVI BioPharma, Inc. (Nasdaq:AVII), announced that it closed on the purchase of a building in Corvallis, Ore. The 34,000-square-foot facility will house additional capability for the large-scale GMP production of AVI’s proprietary phosphorodiamidate morpholino oligomers (PMOs), and for the recovery and purification of PMO precursors. Additional capacity for both of these processes will be necessary to meet the anticipated bulk drug supply requirements for AVI and its partners.

The company will continue to occupy the building it currently leases in Corvallis, which houses research space and a smaller-scale GMP manufacturing site. The purchase price of the new facility was $3.3 million, including a down payment of approximately $1.1 million in AVI common stock and cash, and the assumption of an existing mortgage.

“When our GMP build-out is completed, we believe that this new facility will provide the space and production capacity we anticipate needing to advance our NEUGENE® antisense programs,” said Dwight Weller, senior vice president of chemistry and manufacturing at AVI BioPharma. “We anticipate needing to produce larger amounts of material for advancing clinical trials and for eventual commercial production.”

[tibbcat]

OT: the globe appears to be bursting at the seems with u.s. dollars and they are pouring into equities, gold, oil, grains...etc.

yesterdays short lived dip and todays gangbusters rally just the latest anicdotes in the inflation follies.

even the biotech index is breaking out to all time highs.

go with the flow and play along on the long side until things change.

too bad cygx could not get thier act together in time to play along. with a factory near completion or operating the stock would, in my opinion, have been worth several dollars by now. its a shame.

i am now long TQNT and CPST. TQNT is the best looking long idea i can find right now. CPST is going to be a scalper or a slight loss.

tibbcat