This stock will be halted soon before the approval! They would have not delayed a rejection, that is pointless. ZGNX already has a drug on the market approved making them millions, this approval will put the books in the black! Meaning they are cash positive!
Stocks like (ARNA) (trade much higher and do not trade in the black! So grab your shares today because the stock has tested $2.00 twice and is making a run soon.
This stock will break $5.00 easy and when the news hits $10.00, like ARNA did!
If you are short the stock you should cover now, the risk is to high for shorts.....especially the low float!
Sentiment: Strong Buy
My thinking is it has to be approved. The fact of the matter is: Drug addicts are out there and these opiate type pills are a ge problem, but you cannot legally punish a company for bringing out a better product of a currently existing product. What? Kia is going to sue BMW bc of a superior product? All cars kill people, BMW at least adds some safety features so when you crash if you HAVE to be driving at 100mph you will not get AS hurt as crashing in the Kia. The lack of the acetaminophen is huge! These patients who legit. use this drug, are ruining their livers. The oxycodone is the same.....taking out the Tylenol makes the product safer. ie. BMW. I really hope this stock soars. I'm in with 32500 shares, I trust all the insider buying that there is good news on the close horizon!
I agree. I guess that the FDA wants to draw attention on the opioid problem since it is a real problem. For me that is the only reason why the advisory committee voted against it. They wanted to make it somehow dramatic to catch everyone's attention.