Looks like shorts are probably aiming to take out the $5 stops and try to force margin calls. PGNX has been a regular on the 52-week low list the past few days. Might be a good trade opportuity to put in a low bid $4.5 to $4.74 area in case they hit the stops. I doubt it's going a whole low lower from here unless the burn is really bad and they fail to make cuts.
bio - this is really a tough pill to swallow here .... MNTX medication works etc but there are issues with packaging and pricing and promoting Relistor.
If i thought it would help i would send them my thoughts as a layperson who has taken entereg, and know a fair amount about MNTX, and a lot about OIC/OBD. If i do send a note to the BOD, these are the folks i would send it to Using 1st initial and last name @progenics.com:
Mr. Mark R. Baker J.D. Executive Vice President - Corporate
Kurt W. Briner Chairman of the Board
Richard W. Krawiec, PhD Vice President, Corporate Affairs Progenics Pharmaceuticals, Inc. 777 Old Saw Mill River Rd. Tarrytown, NY 10591 T: 914-789-2814 F: 914-789-2884