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Low risk way to play FDA approval?
By WallStArb - Posted on July 21st, 2009
with an orginal PDUFA date 7/30/2009 potential delay to no later then 10/30/2009 (FDA decision could come any time after 7/30 but its unusual for the FDA to go early) Transcept is the result of a reverse merger of Transcept (private company) and Novecea (NOVC) Novacea was bought for the cash and the resulting company is under the radar of most biotech investors as well as Wall Street. Now you have a company that isn't followed by the street or any biotech analyst which has a drug thats already through all phase 3 tests and is just waiting on FDA decision. They have a big wad of cash to boot meaning they won't need to do any dillutive financings. This interesting trade pote
(1 vote)
