From the Age, front page Friday April 6, 2001:

Start quote:
Shares soar as minister speaks, by Mary-Anne Toy and Darren Gray The share price of two Melbourne biotechnology companies soared after Health Minister Michael Wooldridge revealed prematurely that a research consortium - of which the companies were a part - had won a US contract for almost $30 million. Dr Wooldridge told the annual Australian Society of Medical Research dinner in Melbourne on June 8 last year (2000) that an Australian consortium had won the contract from the National Institutes of Health - 20 days before the formal announcement to the Stock Exchange. The corporate watchdog, the Australian Securities and Investment Commission, has been asked by the Federal Opposition to investigate why shares in Virax Holding and the Institute of Drug Technology jumped by 50 per cent and 38 per cent respectively in the time between the Melbourne dinner and the formal announcement in Canberra almost three weeks later. Shares in Virax rose from 90c to $1.39 and shares in the Institute of Drug Technology rose from $3.01 to $4.15. Dr Wooldridge told parliament yesterday that he did not mention the AIDS consortium at the dinner, because at the time he did not know about it. "What I mentioned was the NIH looking for partnerships in Australia," he said.
End quote.

Here's how to learn interesting things.

It is always instructive to go back and have a look at the charts, after reading such articles. June 9th and for the next week, nothing happened. [Doctors never do seem to understand the markets; much too busy saving lives thank heavens]. I reckon it's the small volume kick May 26, that's more interesting, n'est-ce pas ?

Draw your own conclusions. The stock topped on the day of the announcement (Dow theory), a month later (32 days) (Gann theory).