And why would insiders have so many shares? They could never sell out.
Apparently the nurse had bad information. She told me last night Jim Cramer mentioned Concert Pharmaceuticals, but I couldn't find it anywhere online. I just mentioned what I was told. Sorry that it wasn't true info. :0(
Remember, they were looking for a partner for CTP-499. That's the only partnership they ever mentioned they were looking for. And she doesn't know who the partner will be. I hope it's a big name one.
She works for the company with the ticker symbol "ABC". She says they only hear about drugs moving into phase 3 because that's when they begin patient programs for the drugs. That's all the info I have right now. She also said Celgene with have 4 drug approvals between June & July.
This is #$%$. This stock has fallen enough. JAZZ & AVNR better work out :0(
Jazz and Avanir need to kick it into high gear. It doesn't take that long to move from the close of phase 2 to phase 3. These companies are the slowest in getting things done. Expedited pathways? Nothing but lies. It's taking as long as any other average biotech.