Navigation Links
Poniard Pharmaceuticals, Inc. to Present Additional Cancer Treatment Data Found Significant by TapeBeat.Com Investors
Date:1/14/2010

Oversold, Undervalued, and Poised for a Short Squeeze, Poniard Pharmaceuticals announced on January 7th, the upcoming release of new data from two phase II clinical cancer trials and multiple presentations at upcoming conferences. With an approximate 25% short position in Poniard Pharmaceuticals, the TapeBeat.Com community expects that a ‘perfect storm’ for a massive short squeeze could be brewing as other goals for the company are met.

(PRWEB) January 14, 2010 -- TapeBeat.Com, the community portal for the serious biotech investor has posted research on Poniard Pharmaceuticals, Inc., a biopharma company focused on the development and commercialization of oncology products. In recent months, the stock went down almost 70% from its high of over $9 to under $2. Recent activity on Poniard Pharmaceuticals, Inc. noticed by the TapeBeat.Com community is suggesting that the downtrend may have ended and the stock poised to rally. Savy investors seem to see a tremendous value in PARD with both concrete plans and the cash to achieve them. A 'short squeeze’ could set up around these date certain news events in January, March and June. For the full article visit TapeBeat.Com to get more details on the company's solid financial cash position, promising events in the near future, the science of the drug candidate. it’s uses, as well as a technical analysis of the stocks price movements.

1. PARD will present additional data from their Phase 2 trial using picoplatin in colorectal cancer (CRC) on January 24, 2010 at the ASCO 2010 Gastrointestinal Cancers Symposium in Orlando, Fla.

2. PARD will present data from their Phase 2 trial using picoplatin in prostate cancer on March 5th, 2010.

3. Submit SPEAR efficacy and safety data for the American Society of Clinical Oncology (ASCO) 2010 Annual Meeting taking place June 4-8, 2010 in Chicago.

4. A massive short covering rally (with a current 20% - 25% short interest) may trigger caused by upward momentum from investors.

5. Talks with the FDA for a path forward for picoplatin in small cell lung cancer (SCLC) in the first half of this year.

6. More updates from trial of an oral formulation of picoplatin, which were presented in 2009, may also occur during this time.

7. PARD fundamentals: Picoplatin avoids many of the toxicities of the widely used platinum drugs, which represent an almost $4 billion market in the US. PARD currently has about $40 million in cash to continue to develop picoplatin and break into this large market.

8. Technical rally: Technical indicators show that PARD may be oversold (note again the large short position), with a strong trend of accumulation and a bullish moving average crossover imminent.

With data from approximately 1,100 patients treated with picoplatin in lung, colorectal, prostate and ovarian cancers, there is a lot of data available to suggest the likelihood of its success in clinical trials.

Coauthor Mr. V. NUKALA: Long PARD

TapeBeat.Com is a collective of investors that combine our knowledge and abilities and present information for educational purposes. We invite you to join us. In an independent verification provided by Covestor.com, of over 30,000 private and institutional investors and securities dealers the TapeBeat portfolio has had one the HIGHEST annualized rate of return. TapeBeat.Com is not a registered financial advisor, nor a registered broker and this is not a recommendation. Any information disseminated by TapeBeat.Com is not deemed fully current or accurate, and is thus not intended to form the complete basis of any investment decision. You should always perform your own research and consult with your financial advisor before making any investment discussed. This information is not made on behalf of, or with the knowledge of the company discussed, unless specifically stated. By looking at information from TapeBeat.Com, you are agreeing to our disclaimer.

###

Read the full story at http://www.prweb.com/releases/2010PoniardPharmaceutical/01PARD/prweb3443814.htm.


'/>"/>
Source: PRWeb
Copyright©2010 Vocus, Inc.
All rights reserved  

Related biology technology :

1. Poniard Pharmaceuticals Announces $6.5 Million Financing
2. Poniard Pharmaceuticals Reports Third Quarter 2009 Financial Results and Provides a Corporate Update
3. Poniard Pharmaceuticals to Present at the 2009 UBS Global Life Sciences Conference
4. Poniard Pharmaceuticals Announces Pivotal Phase 3 SPEAR Trial Evaluating Picoplatin in Small Cell Lung Cancer Reaches 320th Event Target
5. Poniard Pharmaceuticals To Present at Three Upcoming Investor Conferences in September
6. Poniard Pharmaceuticals Reports Second Quarter 2009 Financial Results and Provides a Corporate Update
7. Poniard Pharmaceuticals to Host Second Quarter 2009 Financial Results Conference Call on August 4
8. Poniard Pharmaceuticals Appoints Gary A. Lyons to Board of Directors
9. Poniard Pharmaceuticals to Present at the 8th Annual Needham Life Sciences Conference
10. Poniard Pharmaceuticals Files Shelf Registration
11. Poniard Pharmaceuticals to Present at the Leerink Swann Oncology Roundtable Conference
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Poniard Pharmaceuticals, Inc.  to Present Additional Cancer Treatment Data Found Significant by TapeBeat.Com Investors 
(Date:6/27/2016)... ON , June 27, 2016 /PRNewswire/ - BIOREM Inc. ... has been advised by its major shareholders, Clean Technology ... United States based venture capital ... shares of Biorem (on a fully diluted, as converted ... the disposition of their entire equity holdings in Biorem ...
(Date:6/27/2016)... ... 27, 2016 , ... Newly created 4Sight Medical Solutions ... the healthcare market. The company's primary focus is on new product introductions, to ... that are necessary to help companies efficiently bring their products to market. , ...
(Date:6/24/2016)... , June 24, 2016  Regular discussions on a range ... place between the two entities said Poloz. Speaking ... Ottawa , he pointed to the country,s inflation ... federal government. "In ... "Both institutions have common economic goals, why not sit down ...
(Date:6/23/2016)... Seattle, WA (PRWEB) , ... June 23, 2016 ... ... technology, announces the release of its second eBook, “Clinical Trials Patient Recruitment and ... patient recruitment and retention in this eBook by providing practical tips, tools, and ...
Breaking Biology Technology:
(Date:6/15/2016)... New York , June 15, 2016 /PRNewswire/ ... a new market report titled "Gesture Recognition Market by ... and Forecast, 2016 - 2024". According to the report, ... USD 11.60 billion in 2015 and is estimated ... reach USD 48.56 billion by 2024.  ...
(Date:6/9/2016)... Paris Police Prefecture ... solution to ensure the safety of people and operations in ... major tournament Teleste, an international technology group specialised ... today that its video security solution will be utilised by ... public safety across the country. The system roll-out is scheduled ...
(Date:6/3/2016)... June 3, 2016 ... Nepal hat ein ... hochsicherer geprägter Kennzeichen, einschließlich Personalisierung, Registrierung und ... der Produktion und Implementierung von Identitätsmanagementlösungen. Zahlreiche ... im Januar teilgenommen, aber Decatur wurde als ...
Breaking Biology News(10 mins):