Soltamox launch soon. Savient did not launch it because it was a dog.
Soltamox launch soon. A new thought hit me. Savient did not launch Soltamox because it was a dog. I wrote in the past that Savient licensed Soltamox to Cytogen in 2006. Then it just occurred to me, how come Savient did not market and sell it themselves when first approved in late 2005? Savient had a small sales force to sell one drug which sold millions of dollars annually.
I conclude that Savient knew Soltamox was a dog and knew it would not sell well. That is why Savient did not launch Soltamox themselves. Savient found some sucker, Cytogen, to license it in 2006.
I will be surprised if DARA somehow manages to get Soltamox to sell and can make a profit from it.
Anyway, stocks go up and down. I have no price prediction for DARA.