Shares in the penny stock of MYOS Corp. (MYOS) have now gained 51.37% since our alert two weeks ago and appears to be ready to break past their ceiling. MYOS stock queitly gained another 4.35% to close at 0.48 in the last trading session on volume of 207,255. In their efforts to be the best company focused on muscle health and performance therapeutic products, MYOS today announced that it has added the former CEO of Celgene Corp. (Nasdaq: CELG) to Chair its Scientific Advisory Board.
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MYOS Stock Chart since Jun 13
Market Cap: 38.37M
(Jul 15, 2011): 0.79
(Feb 9, 2012): 0.06
Avg Vol (3 month): 254,819
Avg Vol (10 day): 435,086
Shares Outstanding: 79.94M
MYOS appointed Sol J. Barer, Ph.D., to Chair its Scientific Advisory Board. Dr. Barer is the former Chairman and CEO of Celgene Corp., a leading global biotechnology company specializing in cancer, hematologic and immunologic pharmaceuticals. He retired last year from a successful Celgene career where he served as Chairman from 2006 to 2011, and CEO from 2006 to 2010. Prior, he served as Celgene President and COO since 1993, and 1994, respectively.
Commenting on his appointment, Dr. Barer said, “The nascent field of muscle biology and the technologies which maximize the health and performance of this organ system represents significant, previously untapped potential. MYOS is positioning itself to play an important and meaningful role in the discovery, development and clinical use of new products which will improve the health and performance of an organ system which we often forget is so vital to the quality of our lives.
Bottom Line: This is just more fuel to the already successful penny stock MYOS. Its a real Company with amazing products in a retail sector that is growing in a much different sense of the word. Those who enter into this lifestyle of having a better performing body do not just give up and move on to something else. MYOS still has room for PPS growth and there is much anticipation on their Q2 filings.
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