Technical Breakout Alert Issued for CytRx (NASDAQ:CYTR)
Michael Vlaicu (November 23rd, 2009) Writes:
Miv Investments Inc. has initiated an independent bullish technical trading alert for 11/23/09 on CytRx Corporation (NASDAQ:CYTR). Shares of the company finished trading during 11/20/09 at $1.14 per share, up 20.18% from the opening bell on heavy buying pressure. As of 11/18/09, the biopharmaceutical company announced plans to initiate an open-label, multinational Phase 2 clinical trial with its doxorubicin prodrug INNO-206 as a second-line treatment in patients with advanced gastric (stomach) cancer.
CytRx President and CEO Steven A. Kriegsman said, “This planned clinical trial is a key step forward in our plans to build a commercial oncology franchise for CytRx. We have studied the oncology market in solid tumors and believe that stomach cancer represents a major market and an unmet medical problem worldwide. We have also been encouraged by exciting animal data for INNO-206 in a broad array of cancer indications, and
...2 protocol, Acute Myeloid Leukemia, Alexion Pharmaceuticals Inc;, Am-80, Amgen Inc., APL, bone marrow transplant, Breast Cancer, breast cancers, Celsion Corporation, Chairman, chairman and CEO, Chief Medical Officer, chief scientific officer, chronic myeloid leukemia, CytRx Corporation, Daniel Levitt, director, director of clinical oncology, Discovery Laboratories Inc;, drug development, Europe, European Medicines Agency, Fda, head, Head of Oncology, Hepatocellular carcinoma;, INNO-406, Investing Lessons, Jack R. Barber, Japan, Joseph Rubinfeld, leukemia, leukemias, lung cancers, Max Link, Michael Vlaicu;, MiV Investments Inc., multiple myeloma, myelodysplastic syndrome;, myelodysplastic syndromes, one of the four initial founders, ovarian cancer, Pancreatic Cancer, Philadelphia, president, Protein Design Labs, Sandoz Pharma, Sandoz Pharmaceuticals, sarcoma, STAR-1, Stocks to Watch, The star, treatment for patients with Chronic Myeloid Leukemia, tumor, tumors, United States, USD, who served as president


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