Shares of TNGN could be trading much higher later this month. That's because the company is implementing a 1 for 10 reverse split. That move is needed to help the company maintain its listing on Nasdaq as well as to boost its stock value and structure.
Tengion (TNGN) is one of the hottest pharma stocks reports TheStockfather.com. It is developing products from a patients own cells that harness the bodys ability to regenerate native-like tissues and organs.
Tengions lead product is being developed for cancer patients who require removal of a cancerous bladder. The product is designed to eliminate the need to use the patients own bowel tissue in reconstruction of the urinary tract, thus potentially avoiding many complications.
If Tengion (TNGN) is acquired by another company, shares likely would fetch over $5 a share.
TheStockfather.com also predicted big gains for KERX and DNDN before they made giant runs up. KERX was trading at 18 cents when it was alerted and went on to hit $1.22. DNDN experienced a similar run so those are a couple good reasons to pay close attention to The Stockfather's picks.
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