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AGI Therapeutics

  • 12-02-2010 1:41pm
    #1
    3fullback
    Registered Users, Registered Users 2 Posts: 825 ✭✭✭


    Anyone any views currently at 6 cent a share !


Comments

  • #2
    pirelli
    Registered Users, Registered Users 2 Posts: 2,876 ✭✭✭pirelli


    3fullback wrote: »
    Anyone any views currently at 6 cent a share !

    Patience


  • #3
    Mark27
    Registered Users, Registered Users 2 Posts: 129 ✭✭Mark27


    Do you think they will go lower Pirelli? Is worth buying any today do you think?


  • #4
    pirelli
    Registered Users, Registered Users 2 Posts: 2,876 ✭✭✭pirelli


    Mark27 wrote: »
    Do you think they will go lower Pirelli? Is worth buying any today do you think?

    They are seeking a new partner for their drug. It failed to pass Phase III testing after FDA rules it didn't serve to reduce pain.

    The drug is effective but they will have to develop a new strategy. It might jump back up to .8 or .9. This is a possibility. It's a high risk stock as the company has no sunstyantial revenue and hence is a loss maker.

    Its a gamble that it jumps back to .8 - .10 when the markets recover but with the spread and commisions is it really worth it.

    As for the stock and future of the company, they were to go off and find a new partner. They are a going concern and a risky gamble. The website fails to mention the FDA failure and is almost misleading and for that reason i would avoid them.


    They claim they are going to try get orphan status for rezular and this is a possibility but will require new trials and lots more moeny and an even greater risk. So until they are underway with this it might be a long time waiting.

    Over 10 - 30 years AGI might be a great investment


  • #5
    Mark27
    Registered Users, Registered Users 2 Posts: 129 ✭✭Mark27


    I will take that into consideration, thanks Pirelli


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