NDA submission within the next two months for Delbavancin
Just an FYI for all you longs out there...when Theravance (THRX) submitted an NDA for their gram (+) bacteria drug on Jan 26, 2009 their stock price went from $11.75 to $16.68 in one week (~42% increase).
At current levels for DRTX a 42% increase equates to a share price of $9.89. I don't know about you guys but I'm loading up at these levels and will gladly take a ~40% return for waiting two months.
By the way...THRX stock price today is at $41.87. About a 272% return.