It was before they bought SOMX; SOMX seems to be bad fruit and caused some turmoil or doubts. Maybe the SOMX holders are dumping, maybe we go down to $2's or $3's, look at 5 year chart. I bought some of this near $6, so I am now a PTX baggie for a while.
Pernix has overextended themselves by buying (3) companies including Somaxon. Actually, Somaxon was a great buy with the best and safest insomnia drug on the market. If PTX can get 1 mg OTC on Silenor, this will be a home run. I am finding out that these small bio-tech companies are underfunded and run poorly by the CEO, as this was the case with Richard Pascoe of Somaxon. I would hold onto this stock long term and wait for better financial results.