Wednesday, October 11, 2006

Watch BioMimetic On Thursday

Shares of BioMimetic Therapeutics (BMTI) jumped 9% on Wednesday with over 100,000 shares trading hands; almot 7x the average daily volume.

What makes Wednesday's price action so interesting is that there was no news release or media exposure that I am aware of.

BioMimetic is a development stage biotech/medical company focused on treating musculoskeletal injuries and diseases, including its lead product candidate GEM 21S for treating periodontal bony defects and associated gum recession symptomatic of periodontal disease.

Watch the stock of BioMimetic on Thursday for a possible news release or further price gain.

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