I love the posts! Keep it up. This all can turn into a positive for Zohydro if the benefits of the drug start getting defended and doctors/patients keep hearing the story. I told my ortho yesterday and he immediately was intrigued for elderly patients who break a bone. Because their livers are not in great shape and he tried to avoid acetaminophen with them.
Senator Manchin defeated you. Everyone can take a minute to email reps and also tell Sen manchin how they feel on his facebook page. Put the pressure on this corrupt joker.
Senator Manchin is against Zohydro which means he is against you. Fight back. let's get the news to report this story about Manchin. I emailed the CNBC reporter who did the story on Tuesday.
Best thing everyone here can do is email your own senator on the subject and your congressman. then contact reporters. all about Joe Manchins dirty little secrets. Also about the fallacy of abuse deterrent technology. Take some time to write to them and not just post here. Strength in numbers works with these senators. Let's be a force!
daddy, you would be an influential person talking to your senator on this. Please contact your senator. it is so easy to do with the internet now. I contacted my senator, congressman, WSJ reporter and a few others. Your voice is more influential than mine though as a pain patient. Please use it for the good of Zohydro, pain patients and ZGNX shareholders. Thanks!
let them know the conflict. I'm getting hold of bloomberg on the details. if everyone rattles the cage our side of the story WILL get out. expose Sen Manchins conflict and lack of knowledge of ADT.
The bill introduced by Senator Manchin of West Virginia today is why many have a lack of confidence in Congress. I am disgusted by this bill being introduced. Now we have a Senator with no medical background trying to overturn an FDA decision. Did the FDA full of scientists and health care professionals not take an extremely close look at the new drug application for Zohydro and decide the benefits outweigh the risks? Do they not have a much deeper understanding of the issues around prescription drug abuse than he does? Does he really understand ADT (abuse deterrent technology) and its extreme shortcomings like the FDA head. Here is what the FDA commissioner said today to a panel Sen Manchin was on,
"I would love if we had abuse-deterrent formulations that were actually meaningful and effective at deterring abuse in all instances. We are moving in that direction," Hamburg told lawmakers. "Right now, unfortunately, the technology is poor." FDA head Margaret Hamburg, March 13, 2014.
Apparently, Senator Manchin thinks ADT is perfected at this point and there aren't dozens of drug abuse websites that show you how to easily bypass the technology and then abuse opioids. Instead his answer is to ban Zohydro and place abusers above patients. Notice how Senator Manchin doesn't say to ban the non-ADT opioids from Mylan Labs! MAYBE BECAUSE HIS DAUGHTER IS CEO OF MYLAN LABS! This is crazy, but true. The conflict of interest here is astounding as Mylan is his second biggest donor. The day that Congress overturns the FDA on something like this is the day I should operate on my surgeon.
know the points, call your senator and representative. then contact a news outlet and bloomberg. Point out Sen Manchin's conflict with daughter and how he is not asking for ban of non-ADT hydrocodone from Mylan where his daughter is CEO! Why not theirs too! Also point out that FDA decisions should be made by medical professionals, not congressman who have no clue on the issue of ADT.
they will listen! I just talked to mine. pointed out how congressman without medical degrees should not be overturning doctors and medical professionals at FDA. Also pointed out how Sen Manchin has major conflict of interest with Mylan and they have a non ADT hydrocodone!!!! we need to make some noise. just google your senator and the number will come up. everyone call and expose this for what it is! Post after you call to motivate others!
He is messing with you so mess with him. Let him know you want the drug on the market and let the FDA do the job. he is not the FDA. But he wants to help his daughter's company. I'm calling their office. Fight back.
it was actually $38.28 on Sept 12, 2003 reverse split equivalent. I believe whatever you are getting your data from is not calculating the reverse split that occurred. So this is reverse split equivalent price.
Well, that didn't take long! New 52 week high. Now if we can just get to a new all time high that would really be something! $36/share back in 2003.
we might just hit that high today though with over an hour left. there is just no resistance at this point and only support.
I agree. This thing is really a powder keg. It could easily explode a la Intercept (ICPT). Maybe it doesn't, but if the phase I first cohort shows ANY signs of reversing NASH, then we are going to easily double in price that day. Remember the first cohort is low dosage and low number of treatments so it might only show safety info. BUT, if it shows effectiveness on NASH at those low levels, the sky is the limit here. Risk/reward is very unfavorable to short in front of that mainly because the RISK is astronomical. Imagine being short ICPT when it went up 500% in 2 days.
I've studied this treatment in depth. Along with Intercept. Forget what value the market is assigning to each company, I personally believe GALT's treatment is much more promising for NASH patients. I like the management too and have met with them. I have a medium sized position as I don't want to miss a huge up move, but also the first co hort could very well be inconclusive.
Oh my, you are right. I just looked at that. Traded at $90 after hours. We could open at $100 in the morning. This could go completely parabolic if there is much short interest.
I think the short case is the convertible notes that were out there. However, my guess is that most of those have now been converted. they took advantage of this news and converted and dumped the stock.
like I said, 3.20 will be the start of the avalance. can we get there? volume is picking up again. I hope someone is massively short this thing...will add to the rise.
we get above 3.20 and we will be off to the races. can the sellers keep it below that level. doubt it if the volume kicks in again.