Nice call there prenzie among others that you have made with stocks. GTXI up 10% today at this time. I agree that at this current pricing the stock is very attractive.
The drug abuse lobbyists fought and cried about Zohydro and put on nonsense Politically Correct pressure during the approval process for two years. They emphasized that criminals might jeopardize their health by illegally using a medication invented to help cancer patients and others cope with their pain through doctor prescribed prescriptions. The FDA made Zogenix jump through hoops during that time period and ultimately approved the product despite the 11-2 negative advisory committee recommendation vote. The FDA will open the floodgates to future faceless misguided concerned citizens protesting and power grabbing in the approval process if they bend to pressure now and reverse their decision. By doing so if that were to happen, the FDA would basically be cutting their own nuts off. They would allow a shift in power going forward setting a precedent by allowing an Advisory Committee to turn the tables on them and trade places with them in the approval process. I figure that ‘the FDA will not sign their own death sentence’ and will say that they are monitoring the drug going forward with the restriction policies and checks and balances that have been put in place and that they feel that their decision was well-founded.
Price targets of $1.40, $1.50, and $1.60 in the Near Term seems reasonable and attainable. I will ignore the haters as I read what they are selling but feel confident that Longs will gain.
Mexican Senate committees on Sunday debated an energy bill that would open up the world's 10th-biggest oil producer to private investment by allowing new types of contracts, marking the industry's most dramatic overhaul in 75 years.
The bill, announced by centrist ruling party and opposition conservative lawmakers on Saturday, would let private firms partner with ailing state oil firm Pemex (PEMX.UL) via profit-sharing, risk-sharing and service contracts as well as licenses in a bid to boost sagging production.
The reform, which would keep ownership of crude in state hands, is at the center of an economic reform drive that President Enrique Pena Nieto hopes will boost lagging growth in Latin America's No. 2 economy.