Volume Spike Investor » IDMI http://vsinvestor.com Investing in stocks based on short term spikes in volume Sat, 05 Nov 2011 14:20:15 +0000 en hourly 1 http://wordpress.org/?v=3.2 Price/Volume Surge: IDM Pharma, Inc. (IDMI) http://vsinvestor.com/2008/11/pricevolume-surge-idm-pharma-inc-idmi.html http://vsinvestor.com/2008/11/pricevolume-surge-idm-pharma-inc-idmi.html#comments Tue, 18 Nov 2008 15:30:22 +0000 247admin http://www.vsinvestor.com/?p=393 IDM Pharma, Inc. (NASDAQ: IDMI) is seeing a volume and major price surge right at the open.  The company received recommendation for approval of Mifamurtide for the treatment of patients with non-metastatic, resectable osteosarcoma in Europe from the Committee for Medicinal Products for Human Use of the European Medicines Agency.  The agency has issued a positive opinion and is recommending grant of a centralized marketing authorization for mifamurtide.  This is known as MEPACT in Europe, for the treatment of patients with non-metastatic, resectable osteosarcoma. This recommendation will be adopted at the next meeting in December, and it looks like final European Commission approval expected within 60 to 90 days thereafter.

At 9;32 AM EST this stock is up over 50% at $2.39 on 43,000 shares.  Its daily average is only about 123,000 shares and this one was briefly up by more than 70% before the open.

Jon C. Ogg
November 18, 2008

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