Winner: Bresagen (BGN)

Submitted by Marco on 13 August, 2006 - 10:19

Bresagen (BGN) Stock Price Chart

The biotech company, Bresagen (BGN) is the winner of the week this week (Week 32), which is up 35 percent after a bid from a US company. A glance at the company stock chart over the past 6 months shows that the stock price has been pretty much dead. One factor that is worthy of noting is the volume spike to around 2 million shares a few weeks before the prospective deal.

Bresagen Limited is listed on the Australian Stock Exchange (ASX) under stock code BGN. You can view their investor website here. The company was listed on the ASX on 21 September, 1999 and is a biotechnology company, focusing on protein pharmaceuticals. Check your charts!