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Hi Everyone & Welcome New Subscribers,
Our week with TPIV (TapImmune, Inc.) started where we left off, closing even on the day at .61 with over 250K shares traded, continuing to churn in this range until deciding what it really wants to do (which we believe is to go up in a big way, again).
While TPIV continues to warm up, we have our eyes on other prospects operating in a similar space, more specifically MEIP (MEI Pharma, Inc.) which trades on the NASDAQ and could have a very exciting end to 2015.
MEIP (MEI Pharma, Inc.) plans to unveil Phase II clinical results for their drug, Pracinostat, which is being developed for advanced hematologic diseases such as acute myeloid leukemia (AML) and myelodysplastic syndrome (MDS), at the 2015 American Society of Hematology (ASH) Program Committee on December 7th.
It should be noted that last year at this time MEIP traded up near $8 a share, but after bad news in March of this year that a different Phase II trial failed to reach it’s primary end point, the share price dropped from $6 to less than $2 overnight.
Following today’s price action, we are going to be looking to establish a position near the $1.65 range, maybe higher or lower depending on how the price sustains itself over the next few sessions.
Keep MEIP on top of your radar into December, as we believe results could be much better this time around!
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