I don't think this is that bad. Considering this $5.20 stock (yesterday's price before news leaking), Zerenex probably accounts for $1 (the other $4 are for Perifosine). Now you have almost 50% increase in the stock price based upon one of smaller phase III results.
Of course it's a joke and the joke's on the folks that are selling (particularly the one's selling at a loss). I've seen this so many times and yet the general public still falls for it. As soon as the buying dried up, the hedge funds "scared" the weak hands into selling. Once they get their shares at the price they want...they'll start selling at a higher price.
I have had this stock for a long time so maybe I have a different perspective. I bought this based on a suggestion from a friend at .56. I think today is another example of the potential to go much higher when specifics come out. Again, I am a long on this stock. Btw I am posting this message using an iPhone app I am about to release. If u r interested in being a beta tester send me an email at email@example.com.