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Biotech company's stock soars on AIDS drug test results

Published in AIDS Weekly, May 20th, 2002

The stock price of Trimeris, Inc., a small biotechnology company, soared on stellar results from pivotal human tests on its experimental AIDS drug, which could help patients resistant to currently available treatments.

Trimeris of Durham, North Carolina, is codeveloping the drug, dubbed T-20, along with the U.S. subsidiary of the Swiss health care giant Roche Holding AG. Trimeris stock price rose $11.25 a share, or nearly 29%, to $50.50 at the close of trading April 18, 2002 on Nasdaq.

Existing AIDS drugs generally work inside cells, targeting viral enzymes involved in the replication of the virus. T-20 is the first of a new class of HIV drugs...

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