I agree. Most retailers don't have sales projection numbers to meet until after being open for a year. Then the company gives them sales goals to beat sales from the previous year.
If the State of Massachusetts did this to all pain drugs that are like Zohydro such as Oxycontin, Vicodin and Percocets then maybe the judge would rule in their favor. The problem is they are isolating just 1 drug by a single company that was undergoing a witch hunt by Big Pharma and politicians due to them not selling out after approval. It is pure blatant discrimination to say all opiods are a state health emergency and then only go after 1 of the drugs.
I can guarantee I am losing my investment in this garbage biotech. Nothing can save this stock now. No one is interested. No investors want to touch this thing anymore. It is labelled as poison.
LOL Janitorjerry....I had the same thing happen to me with my Mannkind holdings. I bought at 7.06 a share right after their ADCOM was very positive. FDA delayed their PDUFA till July 15th. I needed some cash so I kept my Zogenix holdings and sold Mannkind. Big mistake. Right after I sold MNKD it went from 6.15 to 11 bucks in like 10 days. I am still #$%$ my pants. My conclusion is I am bad luck and this stock won't move up until I sell it for a loss. I bought in @ $2.63 thinking that was the bottom. Heh so wrong I was.
If Purdue gets approved then it would show Politicians and the FDA favor big pharma over small pharma. When will the DOJ stand up for the little guy. I am a biotech student and I understand the biotech markets are competitive. If this is how big pharma plays games it is grossly advantageous and doesn't allow fair competition. It is like you have to make up a whole new drug that makes tons of money to become your own big pharma. Then you can make drugs similar to other big pharmas. It is pure bs.
Roger has to go. I hope the board of directors does something soon. We may also see Zogenix leave the public markets too and become private again. Either way we are probably all screwed like the pot investors.
Sentiment: Strong Sell
This is being pushed down intentionally by certain groups/people. They wouldn't sell their company. They tried to get the ban stick out thru politicians and Zogenix sued them and won. So now they will screw their ability to create new investors by making their stock hit the OTCBB.
This stock price plunge has to be orchestrated by Big Pharma and hedge fund friends of certain politicians. I wish Zogenix could find out who is behind this plan and sue them penniless.
Of course as long as I held it it just floated from 6.10 to 6.70 for little over a month. Then as soon as something comes up and I had to sell it goes up $1.65. FML..... I am holding Zogenix since $2.63 and it just keeps going down now at $1.95. If I sell it it will probably pop if not it probably goes to OTCBB,
I keep thinking there is something working against me in life in the background. I think after I sell Zogenix holdings eventually I will never touch the stock market again. Just nothing but screwed everytime.
Well the market has screwed me this year. I was in Mannkind at $7.06 and it fell to around $6.15. I needed money to take care of an emergency and had to sell that position. Guess what? It shot up to $7.85 the next 5 days just this past week. Of course it won't go up when I own it. Same will happen to my Zogenix holdings if I sell them. If I don't well then they become worthless probably.
Ever feel like there was a greater force always working against you in the background all the time?
As for tute positions one added new position around 12 million shares while another tute bailed out completely around 9 million shares. Mostly small investment firms sold out their positions. Although Baker Bros sold 14% of their position which is a concern.
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 03/31/2014 0 (92,320) Sold Out
Got this from Nasdaq...funny seeing this as in a post back in March when the PA AG was crying about Zohydro I noticed their School retirement fund owned shares in Zogenix. Hah the AG must have made them sold their position to save face.
He has poorly handled the bad publicity and I think a Big Pharma is shorting this stock through a hedge fund account imho.
I would love to see how many campaigns Mylan and Purue donated too to get all this political traction.
Love how Roger stated that he has a good idea who is behind it. I guarantee it is a Big Pharma. They probably didn't offer Zogenix enough for Zohydro. I lost some money then bought back in because I thought it was at a low at 2.63. I want to know if we can sue whoever is behind this campaign.
I am halfway through my AAS in Biotechnology at NOVA. A lot of biotech and chemists have covered this.
They agree that big pharma is the culprit and how this hurts scientific advancements and startup biotech companies. I have done a presentation on this in class as well. Most students only know what the paid mass media told them.
Sentiment: Strong Buy
Oh and another thing. I haven't heard of 1 Zohydro related death yet and the politicians are still just targeting ONLY Zohydro. I hope every one of these Democraps get voted out of office.
3 year exclusivity and they are focusing on their abuse deterrent tech for Zohydro so FDA doesn't pull Zo off the shelves.