Who remembers when Peter Tam and VVUS requested an delay on their CHMP orals in June '12?
Do you also realize that Peter and others sold stock in June, then OFFICIALLY released the bad news from Europe in Sept. of 2012? Negative news in June would have really put a hurting on pending share sells in early July!
Does the SEC know about this?
I recall VVUS requesting the CHMP to postpone their oral presentation from June 2012 to September 2012. I believe - but don't know - that VVUS suspected that the CHMP was going to issue a negative opinion, and they did not want that opinion coming out in the run-up to the FDA's PDUFA decision, which was scheduled for July 17. By pushing their oral presentation to September, VVUS effectively put the CHMP process on pause until after the PDUFA date of July 17.