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VSGN- Finally movin back up

post #1 of 655
Thread Starter 
this took a nose dive after..."initial results from phase III ACCLAIM trial of its Celacade technology in advanced chronic heart failure did not meet the primary end point"

its still hitting new lows but ill be watching it to bounce
post #2 of 655
Good find, I will keep an eye on it......moving around too much now to see if this is really the bottom or not
post #3 of 655
Thread Starter 
Quote:
Originally Posted by CollegeGrad22
Good find, I will keep an eye on it......moving around too much now to see if this is really the bottom or not
i tried flipping it at the open and lost about 200 so im just gona wait it out too and see what it does. if its still near this level at close ill be buying some for tomorrow though. the company isnt going out of business. they just lost a drug. it will come back...i think
post #4 of 655
I agree, but the only thing is, we don't know when it will come back. Could be a few years, but then again it could be next week
post #5 of 655
Thread Starter 
down 71% now... should have shorted it
post #6 of 655
Good flipper, heading back up.
post #7 of 655
this thing is diving, any idea on why?
post #8 of 655
Thread Starter 
post #9 of 655
ahh, it doesn't look like it's retracing anytime soon..
post #10 of 655
It's being shorted heavily. Was added to the SHO list on 06/14. And I believe that they didn't meet expectations with the procedure that they are developing for the heart inflammation thing.
post #11 of 655
Vasogen Announces Initial Results from Phase III ACCLAIM Trial in Chronic Heart Failure
Study did not meet primary endpoint; Endpoint Met in NYHA Class II Patient Subgroup
Conference Call to be Held Today at 8:30 a.m. ET
MISSISSAUGA, ON, June 26 /PRNewswire-FirstCall/ - Vasogen Inc. (NASDAQ:VSGN; TSX:VAS), a leader in the research and commercial development of technologies targeting the chronic inflammation underlying cardiovascular and neurological disease, today announced initial results from the 2,414-patient phase III ACCLAIM trial of its Celacade(TM) technology (Celacade) in advanced chronic heart failure (HF). While the ACCLAIM study did not reach the primary endpoint of significantly reducing the risk of death and cardiovascular hospitalization in the total population, this endpoint was met for the subgroup of 692 patients with New York Heart Association (NYHA) Class II chronic HF (39.1% risk reduction, p(equal sign)0.0003). The Company is continuing data analysis, and complete results for the ACCLAIM study are scheduled to be presented at the World Congress of Cardiology 2006, being held from September 2-6 in Barcelona, Spain.

'While ACCLAIM was a neutral study based on the total patient population that included NYHA Class II, III and IV patients, a pre-specified analysis in the subgroup of nearly 700 patients with NYHA Class II heart failure showed a powerful and very encouraging result,' said Dr. James Young, Chairman, Division of Medicine at the Cleveland Clinic Foundation and Chairman of the Steering Committee for the ACCLAIM trial. 'Celacade's broad-spectrum anti- inflammatory effects may be more beneficial in those patients who have not advanced to late stage disease, but who are at risk for doing so. From a healthcare system perspective, a therapy that reduces the rate of hospitalization in this large and underserved patient population would be very valuable. The therapy was also very well tolerated by patients, and in my experience, was better tolerated than many drug therapies used in heart failure. I would like to thank the investigators, my fellow Steering Committee members, the Data and Safety Monitoring Board and the Central Endpoints Committee for their diligent efforts in carrying out this very important, necessary, and well-executed study.'
post #12 of 655
About ACCLAIM

The ACCLAIM trial enrolled 2,414 patients at 176 cardiac centers throughout North America, Europe, and Israel. The study was a double-blind, placebo-controlled trial designed to definitively assess the impact of Vasogen's Celacade(TM) technology on the risk of death and cardiovascular hospitalizations in patients with advanced chronic heart failure. ACCLAIM enrolled patients with New York Heart Association (NYHA) Class II, III, or IV chronic heart failure and a mean left ventricular ejection fraction (LVEF) of less than 30%, indicating patients with advanced disease. Patients who participated in the ACCLAIM trial were taking pharmaceuticals that reflect the current standard-of-care and many had implanted cardiac defibrillators and/or cardiac resynchronization devices as clinically indicated. Study patients received monthly Celacade treatments in an outpatient clinic.

About Heart Failure

Chronic HF is a major public health problem that imposes a significant burden in terms of morbidity, mortality, and the utilization of health care services. It is one of the most commonly diagnosed medical conditions affecting nearly 5 million Americans and 6.5 million Europeans. Each year, in the U.S. alone, 550,000 new cases of HF are diagnosed and nearly 300,000 deaths are associated with this condition. The five-year survival rate for patients with heart failure is only 50%. Approximately 6.5 million hospital days and up to 15 million office visits are for HF care each year in the United States alone. The health care costs associated with HF are staggering, with $29.6 billion in direct and indirect costs in the United States projected for 2006. Almost 72% ($21.3 billion) of this total represents costs associated with hospital and nursing home care, and physician and other health care professionals. More Medicare dollars are spent for the diagnosis and treatment of HF than for any other diagnosis.

Conference Call

Vasogen will conduct a conference call on Monday, June 26, 2006 at 8:30 a.m. EST. David Elsley, President and CEO of Vasogen, and Dr. James Young, Chairman, Division of Medicine at the Cleveland Clinic Foundation and Global Principal Investigator and Chairman of the Steering Committee for the ACCLAIM trial will host the call.

The conference call can be accessed at 617-213-8854 or 1-866-831-6234, pin code 61349936 ten minutes prior to the call. An audio web cast of the event will also be available at www.vasogen.com. A re-broadcast of the conference call will be available by dialing 1-617-801-6888 or 1-888-286-8010, pin code 92365502 and will also be available at www.vasogen.com.
post #13 of 655
bought some at .551 I think it will bounce.
post #14 of 655
post #15 of 655
Thread Starter 
Quote:
Originally Posted by kapone
It's being shorted heavily. Was added to the SHO list on 06/14. And I believe that they didn't meet expectations with the procedure that they are developing for the heart inflammation thing.
if theres a lot of shorting going on right now, onces it starts to go up there is going to be a lot of short covering. seems to be sitting still right now though
post #16 of 655
yeh look at the gapped down: gap to fill I reckon. Great volume today too and a good stock to watch: I'm learning stuff.
post #17 of 655
and a huge number of buyers at .54: good support. the ask thins out and doesn't see much resistance until arcx's 1101 on the ask.

BIG insiders now.
post #18 of 655
in at .53
post #19 of 655
Need to see the retrace!
post #20 of 655
It will go back up after lunch.
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