There have been a quite a few news articles about growing Tamiflu resistance over the weekend yet today Biota had the lowest volume traded since 20th of July last month Have people given up caring? Do they think that not only is PC's head is in the sand, but it's actually stuck in the sand and the board sit by idly, not doing anything to dig up the sand and help PC (& Biota's share price) get some air.
For those who have missed the news below is the Bloomberg article on Friday August 26
TAMIFLU-Resistant Flu Outbreak Reported in AUSTRALIA?s Newcastle, WHO Says
More than two dozen cases of H1N1 swine flu resistant to Roche Holding AG (ROG)?s Tamiflu pill were reported in Australia in the largest outbreak of the drug- evading influenza strain.
Viruses from 25 of 184 patients in the Newcastle area of eastern Australia infected with the pandemic germ had a genetic mutation that reduces the potency of Tamiflu, scientists said in a report distributed today by the International Society for Infectious Diseases? ProMED-mail program.
The cases, first reported in May, raise concern that the resistant strain may spread, leaving doctors without their preferred treatment for influenza. GlaxoSmithKline Plc (GSK)?s Relenza drug is effective against the mutant strain, which is still found in the Newcastle area, according to the World Health Organization?s Collaborating Centre for Influenza in Melbourne
BTA Price at posting:
90.0¢ Sentiment: Buy Disclosure: Held
