That makes 2 fda approved orphan status designations for xoma in past month !!! both will be fast tracked !!!
Just came out...xoma will soar once this makes its way to investors !!!
Grant of Orphan Drug Designation - On June 16, 2015, XOMA Corporation reported that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation to XOMA ..
) 358, a fully human allosteric monoclonal antibody that reduces both the binding of insulin to its receptor and downstream insulin signaling, for the treatment of congenital hyperinsulinism (HI).
Benefits to the Drug Developer - The Company informed that the FDA Office of Orphan Products Development (OOPD) grants Orphan drug designation to novel drugs or biologics that treat a rare disease or condition affecting fewer than 200,000 patients in the United States. The designation provides benefits to the drug developer in form of seven years period of U.S. marketing exclusivity, tax credits for clinical research costs, clinical research trial design assistance, the ability to apply for annual grant funding, and waiver of Prescription Drug User Fee Act (PDUFA) filing fees.
Views of Management - Commenting on the development, Paul Rubin, M.D., Senior Vice President, Research and Development, and Chief Medical Officer at XOMA said, "The orphan drug designation for XOMA
358 recognizes its potential to address a significant unmet medical need for patients with congenital hyperinsulinism. Patients with hyperinsulinism, a rare and devastating disease, secrete inappropriate and excessive insulin, which cause dangerously low blood sugar levels that can lead to brain damage or, in rare cases, death."
ACTUALLY WHAT YOU SAID WAS: "What good does it do you to post the obvious AFTER it has happened?" That virtually means you too believe that this action was "OBVIOUS"...nest pa?
BigJerk...Get off your high horse. You're the one who made relentless statements about what I should have done (and which I did). So I didn't just willy nilly pound my chest with the actions taken over the past two days. I was, quite simply, responding to your nonsense!!!
Which is EXACTLY what I did thank you very much !!! And if you're half as intelligent as you think you are you'll be doing the exact same thing...buying your brains out today!!!
JOKER...how do you know that I didn't sell yesterday and buy back today???
But I'm glad you agreed that the option playing today is "OBVIOUS"...and if you're as smart as you purport yourself to be you're buying your brains out!!!
Those with options positions will (HAVE ALREADY) start unwinding their options positions instead of waiting for them to expire. As they do that the stock will automatically begin (already begun) to rise...But the long victory on all of this will be completely fulfilled as the stock fully recovers (and then some) next week!!!
Yesterday and today have NOTHING to do with the "Chinese bubble" and EVERYTHING TO DO WITH SIGNIFICANT OPTIONS POSITIONS!!!
And you will be 100% certain what game is afoot today...Aided of course by some of our regular attack idiots that are here relentlessly. TODAY IS ALL ABOUT THE OPTIONS AND NOT ABOUT NQ!!!
STINGING these options players today. Just keep buying at these ridiculous ultra short term prices ($5.60??? is INSANE), ignore the die hard bashers here and watch NQ return to the mid $6's within a week!!!
OR just buy into their manipulated panic and let them walk away with your $$$...
NOTHING to do with intrinsic value. There was huge bubble of Calls bought and sold about a week ago and those who SOLD calls (at $6.00 or above) are trying to get them to expire worthless and pocket their premium. I anticipate a complete reverse of this next week. So longs---RELAX and just let this play out, but don't get sucked into what appears to be panic selling and is simply an OPTIONS PLAY!!!