Antisoma (LSE: ASM.L - news) shares could double if the ovarian cancer drug, R1549, is successful, and halve if it is not says the Independent. Given the probability of success, reckoned to be about 65%, that looks a gamble worth taking says the paper.

Still looking strong, I`m looking for 26p by the end of next week.

dandu71

Did you mean this week.

looking good for this week, question is how long can it keep this up before it pulls back?

Wish I knew, saw it down first thing and thought wait to see if it pulls back further, it did briefly mid-morning and then the 'kin things rocketed.
Is there anything to hold it back from marching to 45p where it was last year before the bad news. 1.5m buy at the end, should have just bought the damn things this morning!!
What do you reckon, get in before its too late or will it pull back to 22p.
I might just risk it and top up if it dos fall back.

andysmith

Take the plunge its going to be good in the long run either way.

I may top slice at around 25.5 if it reaches this figure tommorow. Can be a bit risky these pharmaceutical companies as you can see by the fall from lst year. Would like it to get recommended in IC tommorow, fingers crossed!!

Still looking good this morning, would expect further rises with buys outweighing sells 3:1

well it did get recommended. Have bought in this morning for 25p

Also finally got first thing today and am up already, wish I hadn't been out on Tuesday though. Never mind, rather be in now than not at all.

Some decent buying going on again here, with many trials in clinical phase and a good constant news stream this could be really interesting in 2005. Pharmas are eager for new products and ASM is one of a few bios with very interesting opportunities within their portfolio right now, second only to MMG IMO but at lower price. Worth watching but like all of these share types, chance to make good profits but not without risk. From <25p, its worth it to me as a potential 2-4 bagger this year if results from trials are successful.

Topped up this morning for 23.7, good company outlook and a number of buy recommendations whilst the price has gone sideways. Also sp at the bottom of the TA trend line and looks ready for an upward movement. Now sitting on even money as I held some before the R1549 drug was pulled, always considered the sp had fallen too much. Expect to see steady rise - let's see if patience pays off.

Well something appears to be brewing again, yesterday the sp dropped >5% temporarily but was followed by some decent buying and ended the day up followed by a good rise again today. Good news around the corner?

Good news today AND anything at 23.4p and above are actually BUYS showing as sells!!

andy
Are you still on these I think they are going to come good this year.

Still not on board but I have a good feeling about ASM.

LONDON (AFX) - British cancer drug developer Antisoma PLC has beefed up its management team with the appointment of Dr Gary Acton as chief medical officer.

Acton was most recently running an oncology orientated consultancy service, advising drugmakers on the progression and optimisation of their products.

Antisoma is heading into a crucial period with key data from its two most promising products due in the next few months. If all goes well, the company could have both compounds in final stage, phase III trials this year.

Dr Acton has also been managing director of Cell Therapeutics, where he oversaw the approval of cancer drug Trisenox, and spent five years as vice president of clinical development at British peer Vernalis PLC.

Antisoma shares closed at 21.25 pence Friday.

The Times June 05, 2006


Smaller stock to watch


Shares in Antisoma, the biotech firm, will be in the spotlight today after mixed news from the cancer specialist on an experimental lung cancer drug.
The company told the American Society of Clinical Oncologys annual meeting in Georgia yesterday that Phase-II trials had shown that the drug, known as AS1404, could delay disease progression, improve patient survival rates and improve the response rate of tumours when used in conjunction with standard chemotherapy.



However, Antisoma admitted that it would be entering Phase-III trials of the drug alone, after its partner Roche, the Swiss drug maker, decided not to proceed with AS1404s development. Glyn Edwards, Antisomas chief executive, played down the news, saying that he was delighted to have regained full rights to the drug and will endeavour to maximise shareholder value by advancing AS1404 ourselves while also considering the merits of any offers from new potential partners.

AS1404 is a small-molecule vascular disrupting agent. It is the first member of this class of drugs to report positive efficacy data from a controlled study.

According to the World Health Organisation, there are more than 1.2 million cases worldwide of lung and bronchial cancer each year, causing approximately 1.1 million deaths.

Bought back into these the other day after being out for a couple of years looking good for 2007
Was tipped in today's Telegraph see below.

Antisoma
Stock: 25.25p -1p
Questor says Buy

Given that it was founded in 1988, it is not obvious to the outsider that Antisoma is one of the UK's longest established biotechnology companies.

To the external eye, given that the company has no drugs in late-stage phase 3 trials and it has just enough cash in the bank to last for another year or so, its place in the biotech firmament might appear even more surprising.

Earlier this year, Antisoma's shares slumped after Swiss pharmaceutical giant Roche handed back its earlier purchase rights to Antisoma's leading drug for lung cancer, known as AS1404, and another drug for breast cancer.

The stock market quickly took fright, prompting fears Antisoma would have to tap investors for more cash to continue with development.

But that was then, and this is most certainly now, and Antisoma is looking a lot less sickly. Its shares have picked up strongly in the past few months as investors have realised the data so far on AS1404 and its other drugs is promising.

Glyn Edwards, Antisoma's chief executive, has said he is talking to other companies about striking a partnering agreement to fund expensive phase 3 trials for AS1404.

Biotech chief executives often say such things, but Mr Edwards is well regarded in his industry and his indication that he is not doing the ground work for a new fund raising has been taken to mean he really is close to an important agreement to replace Roche.

Would-be investors must remember Antisoma is operating in the field of cancer, where there is huge demand for new drugs. If it cracks the market for lung cancer alone, Antisoma's future will certainly look a lot healthier than it does today.

Indeed analysts believe AS1404 could bring in sales of more than $1bn (537m), making it officially a "blockbuster" in modern pharmaceutical parlance.

Roche's withdrawal from its deal with Antisoma heaps all the risk on the British company striking a new deal, but this could be on better terms than the one it would have had with Roche in any case. A slow burner.