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Astex Pharmaceuticals, AŞ Message Board

  • bucketlist88 bucketlist88 May 2, 2013 11:39 AM Flag

    Closed my short position

    I believe there's a larger bullet to dodge in the near future. Second quarter will be very difficult. Dacogen generic announcement will sting. The pumpettes have their work cut out for them.

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    • Decitabine patent expires TODAY MAY 2 . If there is no approval today or tommorrow I think we are safe for a while The FDA makes an extra effort to approve "first times" generics on the day of patent expiration or often you will see a tentative approval before the date which becomes effective on the day of patent expiration. If we dont see one in he next day or so my guess is there is nor application ready for approval. I think the stock will also rise in concert with that. But yesterdays debacle may have been in part due to the fear of a generic.