Exponential Surge: La Jolla Pharmaceuticals (LJPC, BMRN)

Posted in after-hours, General 
January 6th, 2009

Small-cap troubled biotech stocks can still see massive moves when it looks like hope is again there.  La Jolla Pharmaceuticals Co. (NASDAQ: LJPC) is proof in the after-hours trading.  After signing a pact with BioMarin (NASDAQ: BMRN), shares are up over 100% after the close.  This is a very thin volume stock, so we do not hold the initial prices as anything set in stone.  This stock was down as much as 90% until recently, so this could be the big price changer tomorrow in the biotech sector.

Shares are up at $2.00 after closing at $0.75.  Just keep in mind that the spread is as wide a house and shares were halted initially on the news.

FULL DETAILS of the pact……

Jon C. Ogg
January 6, 2009

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