Peregrine Pharmaceuticals, Inc.( PPHM) Message Board

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To: Robert C. Jonson who wrote (1418)	5/24/2006 11:02:34 AM
From: Jim Oravetz	Read Replies (2) of 3763

Peregrine Shares Up on Bird Flu Tests Wednesday May 24, 8:34 am ET Peregrine Shares Rise After Tests Show Drug Stops Bird Flu Virus Replication TUSTIN, Calif. (AP) -- Shares of Peregrine Pharmaceuticals Inc. jumped in premarket activity Wednesday after the biotech drug developer said early tests of its anti-viral compounds on chicken eggs showed promise in stopping a strain of bird flu from making copies of itself. Peregrine shares rose 18 cents, or 12.8 percent, to $1.59 in premarket trading. The company said it used bavituximab, formerly known as Tarvacin, to completely halt replication of a strain of the H5N1 bird flu virus in fertilized chicken eggs. Peregrine said it plans to collect more preclinical data to support the start of clinical trials next month.