It was absolutely a block trade. Stock finally seems to be starting an uptrend. Only time will tell..... As shareholders we needed to be long -term investors with all the ups and downs of this stock.This is the nature of the beast. The management has rewarded shareholders before at Alza, and my bet is they will do it again. They have quite a stable of delivery systems in their pipeline. We are not just betting on one thing. That is what I find inviting.
Could it be that Mr. Market has taken a harder look at the place DRRX went royalty shopping at? Losing four percent with heavy volume is probably a pretty apt reaction. Where the hell is the astute Mr. Rogers now with his market analysis?
We all better hope that DRRX starts generating cash with Remoxy soon. If they needed another cash infusion with a stock offering, Mr. Market would make this a penny stock because of their money wasting ways.