I have been expecting another big broad-based drop like we had after Yellen shouted fire when the theater wasn't on fire. Looking like we may get that chance soon and that makes the best time to make money. As far as jmeilink the imbecile, he forget to note that the Dow was now big yesterday too but PGNX was up. Today PGNX is begin dragged down like the rest of the stocks.
snt951, when Relistor was first entered into trials, the projected market for Relistor in OIC for chronic pain was stated by PGNX and its partners to give an idea of the potential value of the drug. I don't understand your reasoning. Why in the world would PGNX not want talk up a valuable asset when partners come calling?
lba40, you are on target. It would be nice for PGNX to give investors an estimate of the size of the MRI market for prostate cancer. By that I mean, how many MRIs are given each year, and how much the average cost is. That won't give away and trade secrets. Estimates for how much of a market share PGNX might be expect to grab can come later as 1404 gets closer to approval.
Why would you be concerned about Azedra going generic at this time? What most investors don't appreciate is the revenue stream that may come from approval of PGNX's 1404 imaging agent, with so far appears more accurate than an MRI. Part of the problem is that PGNX management hasn't talked about what kind of market share/sales numbers we can expect after approval.
If SLXP is purchased, PGNX may well get full rights to Relistor back unless the sale happens after the oral Relistor formulation is approved. The latter would make Relistor a much more valuable property for a large pharma acquirer.
Selling some shares at $7.80 if you bought in under $4 isn't unexpected. You can lock in profits and not have to pay taxes on it until next year.
What a way to finish the year, at a 52 week high! Now I can move onto watching college football for the next few hours with a smile on my face. Happy New Year!!
Soon you will be able to keep telling us that PGNX won't break $8. Then after it does, you can keep telling us it won't hold $8 until it does. You are living the dream. Too bad for you it is our dream but your nightmare. Bwwaaaa Hhhaaa.
Janet, coal would be an improvement over what he got last year when he received a gift of a similar color but it was soft and malodorous.
I just love it when the sheep are stampeded into selling. Such times are when you can make the most money. PGNX has been very impressively strong as it has barely dropped and remains above $7.
Oh come on now. It is a positive development there there is some pushback against Big Pharma in drug pricing in the US. We are being fleeced as European countries negotiate lower drug prices than we can get in the US
ca_fisherman, go to the SLXP board and check out he headlines. Look under the one on Dec 16th from business wire, entitled "Salix Pharmaceuticals provides updates on wholesale inventory reductions…." and you will find it. Early on it states that Relistor prescription demand was up 31% in Oct 2014 as compared to Oct 2013. Later in the article SLXP projects a 67% increase in year over year Relistor sales in 2015 over 2014. Further down they state they project a 16% increase in 2016 over 2015. We will have to wait until the final sales numbers are given for 2014 to get a feel for what these projections are in absolute dollar terms, but it is moving in the right direction.
ca_fisherman, I saw that SLXP projected Relistor sales to increase by more than 60% in 2015 and then 16% more in 2016. I assume the latter is because they are being conservative and not factoring in possible effects of Relistor Oral formulation approval.
Thank you ca_fisherman. Merry Christmas to you as well. Seeing PGNX reach a 52 week high is a nice early Christmas present for both of us! I was thinking of staying in CA for the holiday but decided at the last minute to go back east. How about you?
Janet, that is how a bitter short reacts after being crushed. In my view it is pretty funny to see.