Still no Medical Merlin buying, Julian is not stupid
Infinity has two trials are under way evaluating the clinical activity and safety of its novel heat shock protein 90 (Hsp90) inhibitor, retaspimycin hydrochloride (HCl) (IPI-504), in non-small cell lung cancer. With IPI-145, a potent, oral inhibitor of phosphoinositide-3-kinase (PI3K) delta and gamma, Infinity recently completed a Phase 1 trial in normal healthy volunteers and expects to begin Phase 2 development in inflammation in the second half of 2012. In addition, a Phase 1 trial of IPI-145 in patients with advanced hematologic malignancies is ongoing. Infinity anticipates reporting results from its Hsp90 and PI3K programs in the second half of 2012. No further company-sponsored trials evaluating saridegib are planned.
Infinity probably will be taken into private. My guess is that if their previous collaborators find it easier to have complete control over this small market cap company, then it make just gobble it up to gain favorable terms. Perhaps, CEO knew something is up so she is buying more. With two drugs pulling off the pipeline and the stock went up... this is a VW moment again. Someone is accumulating and not letting the share go. The only one who would do this is another business recognizing Infinity's operational value. I am not a holder or a seller. Just telling it as I see it.
Maybe the Medical Merlin finally bought
Arlene certainly did!!
16-Dec-10 25,000 INFI Purchase at $6 - $6.12 per share.
(Cost of about $152,000)
25-Aug-10 5,349 INFI Purchase at $4.99 per share.
(Cost of $26,691)
24-Aug-10 44,651 INFI Purchase at $4.89 per share.
(Cost of $218,343)
Come on Julian, wip out your wallet, even Scarby had more balls than you!
Yea I thought that might NOT have been true
The Merlin is probably not happy with his incentive situation.
I can see Julian trying to hold them hostage...”I'll pull out my BIG wallet if you guys give me the kind of stock you're giving yourselves”
Keep pounding your chest and your beef Julian, these aren't the old Millennium days!