MLNM - Sector: Healthcare --- Industry: Drug Manufacturers - Other

[setravis]

MLNM of the Nasdaq 100 heating up this morning
in pre-market.



http://stockcharts.com/def/servlet/SC.web?c=mlnm

[RichL74]

Charts are absolutely ugly. There should be a reason why there's buying pressure on this stock. It definitely is not the charts.

[marshagogo]

I believe Cramer mentioned this last night on Mad Money.

[setravis]

No position in this yet
Any thoughts on this stock now, after this gap up, on friday 06/17/2005.....



Millennium reports positive trial results for 2 drugs (MLNM) -- Millennium Pharmaceuticals (MLNM) said Thursday reported positive results of two clinical trials. The company said a phase III trial showed its Velcade drug was superior in survival, time to disease progression, and response rates compared to the standard of care in patients with relapsed multiple myeloma, while a phase II trial of its investigational drug MLN02 in patients with ulcerative colitis found the drug demonstrated statistically significant improvements in remission rates compared to a placebo. The results were published in this week's New England Journal of Medicine.


LOS ANGELES, June 17 (Reuters) - Shares of Millennium Pharmaceuticals Inc.(MLNM,Trade) rose almost 15 percent on Friday amid vague speculation that the company could be a takeover candidate, analysts said.

Officials at Cambridge, Massachusetts-based Millennium could not be immediately reached for comment.

The company's shares were up $1.22 at $9.49 in late trading on Nasdaq. Year-to-date the stock is down 21 percent.

[setravis]

Things sure happen when you take your eyes off a stock.

BRIEF: For the nine months ended 30 September 2005, Millennium Pharmaceuticals, Inc.'s revenues rose 25% to $436M. Net loss fell 2% to $154.3M. Revenues reflect an increase in net product sales, higher revenue under strategic alliances and presence of income from royalties. Lower loss reflects higher cost of sales, increase in selling, general & administrative expenses and absence of gain on sale of equity interest in joint venture. http://www.mlnm.com

[setravis]

Profile Get Profile for: 

Millennium Pharmaceuticals Inc.
40 Landsdowne Street
Cambridge, MA 02139
Phone: 617-679-7000
Fax: 617-374-9379
Web Site: http://www.mlnm.com

DETAILS   
Index Membership: S&P 400 MidCap
S&P 1500 Super Comp
Nasdaq 100
Sector: Healthcare
Industry: Drug Manufacturers - Other
Full Time Employees: 1,477


BUSINESS SUMMARY   
Millennium Pharmaceuticals, Inc. engages in the research, development, and commercialization of therapeutic products in the areas of cancer, cardiovascular, and inflammatory diseases. The company's products include VELCADE, a proteasome inhibitor for treating patients with multiple myeloma; and INTEGRILIN injection, a cardiovascular product. Its INTEGRILIN injection prevents aggregation of blood platelets and occlusion of the arteries supplying the heart muscle with oxygen to prevent the incidence of heart attack or death in patients with acute coronary syndrome, and for the treatment of patients undergoing percutaneous coronary intervention. The company's preclinical and clinical development drug candidates include MLN2704 for prostate cancer; MLN518 for acute myeloid leukemia; MLN8054 for solid tumor cancers; MLN2222 for reperfusion injury in patients undergoing cardiac surgeries; MLN1202 for rheumatoid arthritis multiple sclerosis; MLN3897 for chronic inflammatory diseases, such as rheumatoid arthritis; MLN02 for Crohn's disease; and MLN3701 for chronic inflammatory diseases, such as rheumatoid arthritis. It has strategic alliances with Ortho Biotech Products, L.P.; Schering-Plough, Ltd.; GlaxoSmithKline plc; Aventis Pharma; and Schering Corporation. Millennium Pharmaceuticals was founded in 1993 and is headquartered in Cambridge, Massachusetts.

[setravis]

Like I said.....
Things sure happen when you take your eyes off a stock....
Looks to be headed for a new 52 wk high....

Support @ $10.99...10.79...10.55
Resistance @ $11.46

52wk Range: 7.83 - 11.46
Volume: 10,124,708
Avg Vol (3m): 4,140,510

Technicals
Most Actives

Last Price Quote is:
5.95%above 13-day MA
8.54%above 50-day MA
RS Rating: 79 

Fundamentals
Earnings Expected on Oct 26

Key Data:
Market Cap (M): $3,146.94 
P/E Ratio: NA 
PEG Ratio: -5.01333 
Next Earnings: 01/25/2007
Last Analyst Rating: Mkt Perform

[audio] Millennium Pharmaceuticals Earnings Conference Call (recorded earlier today)
Headline news link and the above...  http://finance.yahoo.com/q/h?s=MLNM

[setravis]

Nice bounce off the 50-day MA,Broke through resistance @ $11.46
New 52 wk high
Looks like we got a small Cup with Handle, Breakout, in the blue circle on the chart.

52wk Range: 7.83 - 11.46
Volume: 12,676,097
Avg Vol (3m): 4,140,510

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
11.63%above 13-day MA
14.36%above 50-day MA
RS Rating: 85 

Fundamentals
Key Data:
Market Cap (M): $3,146.94 
P/E Ratio: NA 
PEG Ratio: -5.01333 
Next Earnings: 01/25/2007
Last Analyst Rating: Mkt Perform

[mix_master_mike]

We're at the breakout price from last week.. couldn't resist - picked up an odd lot for 14.70. Weak volume on the contraction days and a strong breakout past 14.20 last week. Will add more if we make it to 16.25.

[nica33]

Interesting....isn't?

[mix_master_mike]

picked up some more in the late day rally... 15.25ish. Will add more if we breakout past 15.77... Looking technically sound here.

[nica33]

News!!

BOSTON, Dec 9 (Reuters) - Millennium Pharmaceuticals Inc (MLNM.O: Quote, Profile, Research) said on Sunday that newly diagnosed patients with multiple myeloma who took its drug Velcade in combination with a standard regimen had significant improvement in overall survival, compared to patients who took the standard regimen alone.

Data presented at the annual meeting of the American Society of Hematology showed that patients who took Velcade in combination with the chemotherapy melphalan and the steroid prednisone had a 40 percent reduction in the risk of death, compared with those who took melphalan and prednisone alone.

The study was stopped early after an independent review committee let all patients into the Velcade arm because of the clear survival advantage.

The company said patients in the Velcade arm saw their disease progress after a median of 24 months following treatment, compared to 17 months in the control arm. The difference was statistically significant and met the main goal of the trial.

Velcade is approved to treat the blood cancer in patients who have been treated with at least one previous therapy. The company hopes to win approval to treat newly diagnosed patients.

The trial, known as VISTA, tested patients who were ineligible for a stem cell transplant, a group that represents roughly half of all multiple myeloma patients.

The company said 30 percent of patients in the Velcade arm had a complete disappearance of the signs and symptoms of their disease, compared with 4 percent in the control arm. (Reporting by Toni Clarke; Editing by Jan Paschal)

[mix_master_mike]

idk anything about pharma nor the news that came out... but the technicals are exquisite. Bought 100 more for 16.03. Hoping we settle down here around low 16s... will buy more if we go through 17.00.

[setravis]

Detailed study updates expected on its drug Velcade at the American Society of Hematology's annual conference in Atlanta from Saturday through Tuesday. Velcade treats multiple myeloma. Treatment can also include stem cell transplants and chemotherapy. 

The "Golden Cross" !!

52wk Range: 9.49 - 16.62
Volume: 15,868,028
Avg Vol (3m): 5,371,600

Technicals
Record Price High
Most Actives

RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $4,865.63 
P/E Ratio: NA 
PEG Ratio: 10.7608 
Next Earnings: 02/07/2008
Last Analyst Rating: Mkt Perform