Titan Pharmaceuticals Inc (TTNP)

[Rentier]

PDUFA? The PDUFA (Prescription Drug User Fee Act ) was a law passed by the United States Congress in 1992 which allowed the Food and Drug Administration (FDA) to collect fees from drug manufacturers to fund the new drug approval process. PDUFA describes the fee structure, paying your fees associated with the PDUFA act doesn't mean you'll get approved, but you still got to pay (some drugs/products are excluded from having to pay the fees too).

http://www.fda.gov/ForIndustry/UserFees/PrescriptionDrugUserFee/

Think you mean more like NDA approval, NDA (New Drug Application and there are different types of NDA; like ANDA, BLA) is what Titan submitted & are waiting to have approved. The FDA has until Feb. 27th which I am sure they will run until that date or very close to it. Which is over 90 days away. There is no point in anyone (specially institutional investors) to buy into Titan until early next year before Feb. 27th, there is plenty of time to buy next year and secondly because of tax reasons. The stock will just keep trading sideways until after Dec. 31.

http://www.fda.gov/AboutFDA/Transparency/Basics/ucm194949.htm

My best plays this year have been Sears & Twitter shorts.