Cell Genesys Shares Rise After Mention in Column
The shares of Cell Genesys Inc. jumped for a second straight day after the company's experimental cancer vaccines were mentioned in the magazine Business Week.
The shares rose by 26 cents, or 7.9 percent, to $3.57 at 4 p.m. New York time in Nasdaq stock market composite trading after rising 7.8 percent yesterday. The shares are down 40 percent from a year earlier.
The South San Francisco, California, company has clinical trials under way for vaccines against prostate and pancreatic cancer. The company is likely to present encouraging interim data in June from clinical research, Business Week reported yesterday, citing analyst Pamela Bassett at Cantor Fitzgerald.
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