Encorium Group, Inc. Announces New Business Awards of $8.7 Million, Including Swine Flu (Influenza A H1N1 virus) Vaccine Trial Win;Font size: A | A | A8:30 AM ET 9/9/09 | PR Newswire Encorium Group, Inc. (Nasdaq: ENCO), a full-service multinational contract research organization (CRO) that provides design, development, and management capabilities for clinical trials and patient registries to many of the world's leading pharmaceutical companies, today announced the signing of approximately $8.7 million of new business contracts, including selection by a major pharmaceutical company for participation in a swine flu vaccine program.
Dr. Kai Lindevall, executive chairman stated, "We are delighted to be able to announce these new business awards, despite a very challenging market environment. Our experience and capabilities in the vaccine field have been of paramount importance in our success. We are very proud of being the selected partner for one of the frontline clinical development programs for the swine flu vaccine. In addition, we were also recently entrusted with a avian flue vaccine, as well as other vaccine development programs having, in the aggregate, approximately 12,000 patient subjects. We believe our participation in these studies exemplifies the level of trust and respect that large vaccine companies have in our vaccine expertise and clinical operations.
Posted by oldseven on :
Premarket +270% already. jdizz do you get these Press Releases sent to you? Or do you just look at the web site everyday? I am looking for a place that e-mails them or something as they come out. Seems it would be easier to get in on these plays before the 270% increase.
Posted by jdizz on :
lol yes you are right on that. who is your brokerage?
Posted by oldseven on :
quote:Originally posted by jdizz: lol yes you are right on that. who is your brokerage?
Zecco
Posted by jdizz on :
man i know on etrade you can see all the current news that comes out. i would call zecco and ask them how you do it. if you know how to do that then it makes findind stocks way easier
Posted by oldseven on :
Over $1 already Premarket!! Great call jdizz - did you happen to get any early?
Posted by jdizz on :
no my funds are unsettled right now it sucks lol..
Posted by Charbel on :
in at .99 WOW! Amazing.. THanks
Posted by Charbel on :
But, how long would i keep it or just sell it quick? any suggestions?
Posted by jdizz on :
i would hold on for a few days if it was me. swine flu is supposed to hit like 40% of americans
Posted by Charbel on :
Ok sounds good. I just hope i wasnt late getting in on this one. Ill give it till friday?
Posted by jdizz on :
how many shares do you have, if you dont mind asking?
Posted by jdizz on :
if you make an alright profit then i would sell.. but i wouldnt take a loss, only if you are down 8%
Posted by TruthLiesWithin on :
H1N1 has been around since the 70's. only killed a few people. The government spent millions on tv ads to scare people, for what reason I don't know. I remember seeing the ads.
Affecting 40 percent of Americans is quite a statement, who claimed that if I might ask.
ENCO is being propped up by something because they failed to meet NASD listing requirements. Of course partnering with a big Pharmco is always good too.
Right now value is about 1/3rd compared to competitors based on sales.
There could be a big dump by late day. But $1 is reasonable in my opinion.
Posted by jdizz on :
im sorry 30 to 50% can be affected
Posted by TruthLiesWithin on :
Yeah, this is one of those things where if health analysts are right, then the pharmco stocks in the H1N1 area will go bonkers.
It is almost like wishing for a cataclysmic event. Sorry, that's the astronomer in me speaking.
Since the volume now equals the float, it could be interesting to see where things go.
Posted by jdizz on :
you are probally right. jsut look at the swine flue play stocks right now though.. there going good. look at apt, they sell the masks.. the "scientist/doctors" or w.e said that the masks dont even prevent swine flue, but it is still going up like crazy. i think it enco prob will go down then next day or 2 though, but it will continue to rise for the next few weeks after that. just my opinon.. i guess time will tell.
Posted by jdizz on :
charbel did you stay in??
Posted by jdizz on :
up 15% today. swine flue stocks are all doing good imo.. look at apt and cvm