Tuesday, September 29, 2009

RegeneRx jumps on positive preclinical study data, my man

RegeneRx jumps on positive preclinical study data

NEW YORK (AP) - Shares of RegeneRx Biopharmaceuticals Inc. surged to a new year high Tuesday after the company reported positive data from a preclinical study of its prospective multiple sclerosis treatment RGN-352.RegeneRx said the drug improved the recovery of nerve function when it was tested on animals.In afternoon trading, shares of the Bethesda, Md.-based company jumped 32 cents, or 39 percent, to $1.14. Earlier they traded as high as $1.95, eclipsing a previous 52-week high of $1.82 set in January. LINK

MYMAN got into RGN last month.

2 comments:

  1. It is back to it's .85, My Man! Are you still holding it or did you get your profit yesterday?

    ReplyDelete
  2. Nah, I didn't sell. I'm willing to wait see what happens down the road, my man. RGN has 4 drugs in the pipeline and my investment that not big, only 800 shares so I'm just gonna forget about it for a while.

    ReplyDelete