I decided to invest in this company because it is a company that many people are not familiar with. The research that this company performs may one day find a cure for cancer and many other horrible diseases that have sprung up in today's world.
ImClone has produced a product called ERBITUX which is an antibody approved by the United States Food and Drug Administration. Their new product is used with radiation therapy for neck and head cancer. In addition to this drug, "three investigational monoclonal antibodies are being evaluated in various stages of clinical development."
Imclone is a successful company that has achieved many great things. It is also a company affiliated with medicine, which makes it important to people and everyday life. Patients who suffer from cancer, especially those with neck or head cancer, will be in need of Imclone's drug. Just by looking at its stock information, one can infer that Imclone is a pretty steady stock. Also, considering the fact that ERBITUX has had positive reviews, it is very likely that Imclone can count on its new drug to create positive feedback for the company, which it has done.
Recently, experts have said that shares of Imclone have risen "after a Rodman & Renshaw analyst reiterated a "Market Outperform" rating on the biotechnology company, saying trial results will show its drug Erbitux is effective against lung cancer."... [continues]
Cite This Essay
(2008, 03). Nehas. StudyMode.com. Retrieved 03, 2008, from http://www.studymode.com/essays/Nehas-133759.html
"Nehas" StudyMode.com. 03 2008. 03 2008 <http://www.studymode.com/essays/Nehas-133759.html>.
"Nehas." StudyMode.com. 03, 2008. Accessed 03, 2008. http://www.studymode.com/essays/Nehas-133759.html.