Venture capital firm set to reap rewards on swine flu Fri Apr 24, 2009 11:11pm
LOS ANGELES, April 24 (Reuters) - The swine flu outbreak is likely to benefit one of the most prolific and successful venture capital firms in the United States: Kleiner Perkins Caufield & Byers, Thomson Reuters Private Equity Week reported on Friday.
Shares of the two public companies in the firm's portfolio of eight Pandemic and Bio Defense companies -- BioCryst Pharmaceuticals (BCRX.O) and Novavax (NVAX.O) -- jumped Friday on news that the swine flu killed a reported 60 people in Mexico and has infected people in the United States.
The World Health Organization said the virus appears to be susceptible to Roche's (ROG.VX) flu drug Tamiflu, also known as oseltamivir, but not to older flu drugs such as amantadine.
Shares of Swiss drugmaker Roche Holding AG closed up 3.48 percent after falling sharply earlier in the week on a cancer drug disappointment, while shares of U.S. biotechnology company Gilead Sciences Inc (GILD.O), which gets royalties from Roche on Tamiflu sales, slipped 10 cents to $45.80 on Friday.
But BioCryst, a maker of drugs that block key enzymes in viral diseases, jumped more than 26 percent on Friday to $2.21 per share. Viral vaccine maker Novavax rose more than 75 percent to $1.42 per share.
BioCryst CEO John Stonehouse said his company does not anticipate the use of its technology in treating this episode of swine flu.
"We're in clinical trials right now and not on the market," Stonehouse said.
5. The US is the only country that has USED nukes,
Edited on Sat Apr-25-09 04:45 AM by undergroundpanther
But demands other countries NOT have them too? And yes the US has used bioweapons on US soil before. Smallpox infested blankets were given to the tribes to kill them so tribal land could be stolen.But there are more examples.The US has even sought to make racially specific bioweapons. http://archives.dailyuw.com/1999/012799/F3.SciTechBri.h...
And that the concept of Eugenics and race purity was originated over HERE,Hitler admired the war on the weak American rich whites were doing over here.Prescott Bush and all. http://www.waragainsttheweak.com /
And fist there is a warning to avoid Mexico on Spring Break,Due to the drug war violence.I thought with unemployment so high who could afford a trip to Mexico for spring break?The wealthier people's kids.Then there is Obama's trip to Mexico. Then this outbreak.Obama is watching the situation closely..
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.