Money from Grunenthal, combined with cash on hand, should “allow Acelrx to reach a break-even point” financially, King said, and may also provide leverage with regard to the rest of the pipeline.
Next is ARX-04, a noninvasive, fast-onset sufentanil product for moderate-to-severe acute pain, in such settings as the battlefield and civilian trauma or injury.
“We have coming up very shortly, in the next few days, an end-of-Phase-II meeting with the FDA,” King said. “We remain interested in the Department of Defense providing some support to move that program forward into Phase III, and we’re in dialogue around that idea.”
I know MM plays games and they have ways to minimize damage and secure profits; however, any retail investors like us would be nuts to hold a short position overnight.
and why would she short a stock like this one that has imminent catalysts? Any high level DD would let you know it was due a EU partner and PDUFA data. All phase 3 data good and ready. Plus, rumored to be acquired although I think that one is low percentage of happening at this time. NEvertheless, so many other stocks to short. We have been feeling pain of pps decrease, but no real signs of reason to see the company had big trouble.
oh nooooo!!!!!! i listened to him ;( ,,,,not
yeah there is now an "element" that has a vested interest in causing distraction for a low floater...minnesota have a good one.
How much money are you really making on celebrating a stock trading in an 11 cent range? Apparently you are very anxious about it to spam the boards with that sort of celebration. I guess I will not be seeing you out at nice places any tme soon. Enjoy the Mountain Dew and World of Warcraft online parties this weekend. enjoy
i added another 2000 shares when it dippred back in high 8s this morning...have to know the history of this bad boy! congrats kitt - and to me so far at a lesser extent, but not chump change!
saw that coming a mile away - we will prob get one more shot down in upper 8's - will look to add if it gets pushed lower 8s
yup - when it was down in the 6's I knew this thing was being manipulated. They will have to pry my shares from my dead cold hands at those prices. Any significant buys will propel this higher. The weak retail hands are fewer now...When these insiders are purchasing, they are reducing the already low float.
yeah - actually the pain side is a competitor of ACRX. Hope we get our news soon. Hard to believe a company with all Ph3 data out and rosy has a market cap of less than 340 mm...and a good portion of that cap held by insiders. Conservatively, 400 million revenue less than 2 years away with like 90% profit margin?
Hey Patch - I have made quite a bit of money on Gale in the past by trading it...I have been in and out the last 2+ years, but have not traded it recently. I like the stock and the reward is unbelievable, but so is the risk. Just know that the stock is VERY volatile bc it has at lot of cheerleaders and a lot of naysayers - including Adam F. I have grown to respect Adam and I realize he is wrong sometimes. However, whenever an article comes out from him the stock tanks pretty hard. Just be careful bc there are a lot of rehashes of the sell side of GALE.
Best of luck!
I assume someone is buying for the "ask" price rather than sells ant the bid...Patchen pointed out that there has been pressure on the institutional side, and yes, it is true if you verify on the NASDAQ site...GL and riding this out