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MORE US FUNDS FOR STARPHARMA HIV/HERPES TRIALS

February 13th 2007 07:47
Biotech Daily Market Report Tuesday February 13, 2007

ASX UP, BIOTECHS DOWN:
AGENIX UP 16%, CYGENICS DOWN 9%

TODAY’S NEWS

* NEUREN’S NNZ-2566 REDUCES RAT BRAIN INJURY

* AGENIX DVT THROMBOVIEW STUDY ‘HIGHLY PROMISING’

* MORE US FUNDS FOR STARPHARMA HIV/HERPES TRIALS

* PRIMA DEAL EXPANDS CANCER TREATMENT POTENTIAL TO $2.5bn

* COCHLEAR H1 PROFITS UP 12% TO $48.8m

* CIRCADIAN H1 TURNAROUND PROFITS UP TO $9.1m


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BIOTECHS UP 11% IN JANUARY, ALL ORDS UP 2.02%

The biotechnology sector continued to outstrip the All Ordinaries in January, with the Biotech Daily Top 40 Index up 11.3 percent to $5,292 million compared to the All Ordinaries up 2.02 percent.

The Top 20 climbed 11.8 percent for the month to $3,739 million with the Second 20 up 9.99 percent to $1,553 million.

For the 11 months from March 1, 2006 the Biotech Daily Top 40 was up 33.5 percent compared to the All Ordinaries up 18.4 percent.

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