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Catalyst Pharmaceuticals, Inc. Message Board

  • btrav1752 btrav1752 Oct 23, 2013 11:31 AM Flag

    I'll TRY to post this.Yahoo sucks

    Shares in small-cap biopharmaceutical company Catalyst Pharmaceutical Partners (CPRX) tumbled sharply Friday morning on heavy volume. Catalyst's stock opened down 21.5 percent, saw losses reach 34.5 percent by mid-morning, and remained off just under 25 percent by early afternoon. There was no immediately apparent reason for the major sell-off, which saw volume nearing 8 million shares as compared to an average daily volume of about 2.5 million, except for an article by analyst Adam Feuerstein.
    Firdapse Not the Only LEMS Treatment

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    • Ha. They lost some credibility when they called Fuerstien an analyst. I guess he is Batman too. He's anything he or they (hedge funds) want him to be. An analyst, a realtor, a political science guy, biotech guru, reporter, piece of feces. Ridiculous

    • Firdapse Not the Only LEMS Treatment
      The most damning allegation included in Feuerstein’s article was that a private, family-owned pharmaceutical company, Jacobus Pharmaceuticals, manufactures and distributes a drug called 3,4-dap for treatment of Lambert-Eaton Myasthenic Syndrome (LEMS) – a rare neuromuscular disease that leads to progressive muscle weakness and affects only a few thousand Americans a year – at no cost. This is trouble for Catalyst, which is currently seeking orphan drug status for Firdapse, another drug that treats LEMS. Firdapse is already being used to treat LEMS in Europe and Catalyst had licensed it from Biomarin Pharmaceuticals (BMRN) , its European distributor, for use in the United States. They’re currently seeking FDA approval for the drug and, should the current Phase III clinical trial return positive results, the company is anticipating a approval in 2015 and to begin selling in 2016.
      But 3,4-Dap has been available for decades and is an equivalent drug to Firdapse, undercutting the potential for tremendous profits for Catalyst. Catalyst anticipates charging about $60,000 a year for Firdapse treatment, so Feuerstein’s revelation could be potentially damning.
      Blemish on a Strong Year
      Friday’s plunge comes amid a strong year for Catalyst, that saw the stock gain nearly 680 percent from January 1 by the time it hit its 52-week high on October 3. The company’s run, though, has been driven in large part by the potential of Firdapse. The sharp downward

 
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