when he mentioned that HEDGE FUNDS are short, abandon the ship
the list will keep growing and why does anyone think acrx will have blockbuster
apparently ACRX will be trading $8.50 - $11 range bound
Durect Pharmaceuticals (DRRX) is facing an important upcoming FDA decision for its drug Posidur. The PDUFA date is set for February 12th. Posidur is indicated for the relief of post operative pain for up to three days after surgery. This drug is a new method of delivery for an already approved drug Bupivacaine. This product would be very important to Durect for a multitude of reasons. The primary reason would be that it would be Durect's first FDA approval (it has tried on several occasions to have its lead drug candidate, Remoxy approved by the FDA to no avail). An FDA approval would also help to validate Durect's drug delivery technology and would correspondingly raise the value of the company in the eyes of investors.
The revenue generated by the drug would help to subsidize Durect's pipeline. However, Durect still currently holds worldwide marketing rights for the drug so it will either have to partner or try to build up a significant infrastructure for a US launch. Either way though, this drug will be closely watched by investors and as such the investors that are simply interested in the possible for an increase in share-price heading towards the FDA decision date should be very interested in this stock. There is a rather large potential for a price increase due to the very important nature of the drug and also due to the fact that Durect really could use a drug approval after the problems that it has had with Remoxy over the years (Remoxy is also partnered with Pain Therapeutics (PTIE) and Pfizer (PFE)).
Progenics Pharmaceuticals, Inc. (PGNX) reported that findings from a Phase I study of its Imaging Agent, 1404, were presented at the meeting of the Society for Urologic Oncology in Rockville, Maryland.
In this Phase I trial, according to PGNX, its imaging agent identified primary prostate cancer with a high degree of accuracy and, in addition, may have the ability to discriminate high grade prostate cancer from moderate and low grade disease. PGNX believes this is the kind of information men suffering from prostate cancer and their doctors need in order to best manage their disease.
Sentiment: Strong Buy
how would PGNX benefit ? They sold it for $3M to CYDN and knew it won't work otherwise they would have developed themselves.
come on PRO 140 has been given to some shady company with shady management. PRO 140 is scrap