Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Technically then we're a preteen...
fAt
It's the first step.. $10, $11, $12, $13 etc!
That's how!
Tim
DEPO
How is 10 a teenager?
fAt
Sojieboy:
Yes, DEPO became a teenager, hopefully you covered your short!
Tim
A Teenager!!
YEA!!!
DEPO!!!
Tim
1 min intraday, macd just curled up and ready to cross back over. Lots of room to climb. IMO
1 min intraday chart is almost oversold now. Next leg up could really go bonkers.
$10.01...
CAN'T KEEP UP
ADD2IT
Over 10. now !
$9.93 and moving...
Has to be some news ..and has to be good.
GLTA
add2it
Depo (9.70) is on fire! $10+ today is looking like a sure thing!
Come on Teenager!!!
Go DEPO!!!
Tim
$8.86
Break $9.00 today???
Will be a good ride to Easter.
GLTA
add2it
DEPO building a nice base!
Tim
DEPO ...$8.72
GLTA
add2it
It looks like Depo is selling off. Profit takers.
seeking alpha analysis of Depo by Jason Napodano
http://seekingalpha.com/article/249793-drug-approval-sales-forecast-lift-depomed-price
Cryptics, can you give us the link to the Caris post...thx
DEPO..picked up some at 8.05 and 8.06
GLTA
Price target increase:
1/31/2011
(DEPO) DEPO (Caris Price Target Change) DM-1796 approved by the FDA as Gralise with a great label, raising our price target to $14, reiterate 1*/Buy.
DEPO sounded strong and positive on conf call....
anybody listening to DEPO conf call?
As expected, DEPO already traded before PRE-Market at 9.00 bucks...I think we can see 10- 13 today..
pcrutch was correct once again......thanks PC
US has tons of Natural Gas reserves that will last for next 100 years. I see this as a good riddence of oil dependency albeit painful short term if it goes up that much...
Maybe I should turn off cnbc then. They have an hour special airing on this "crisis" and how the end of the world is coming with $150 oil. The media is atfault IMO.
Just load more if you see any weakness which I doubt. This is a $10 stock at minimum. I expect DEPO to steadily climb to $15 range in couple of months
Investors will be looking for safe haven and that is where Depo comes in. I see a huge rise in price through-out the day because of Egypt problems.
futures have recovered nicely. i believe the overseas situation will have minimal impact on our trading tomorrow. big upgrades coming our way imo... i think you'll be pleasantly surprised.
Just wondering how other DEPO holders are feeling with respect to Egypt and how it's killing world markets. I'm concerned this will significantly eat into our profits tomorrow. I was hoping for high $7's to low $8's at the open, but with the media and hype, markets are panicing and I'm starting to doubt that will happen. Any thoughts would be appreciated. TIA
DEPO Depomed on ALERT @EQUITIES IRHub,
DEPO Depomed Announces US Food and Drug Administration Approval of GRALISE
Date : 01/28/2011 @ 7:30PM
EQUITIES IRHub
Make sure you add it as one of your favorite Investments Boards.
Post your investment News and Alerts for your Weekly Picks
Peer to Peer Financial Communications,
Investor to Investor Relations,
News Dissemination,
Investor Alerts
EQUITIES IRHub Stock Message Board Sparking The IR Evolution Of Market Transparency. ~ IMHO Ha!
Yes, I saw that. I'm thinking a good ABT agreement can spark a move over and above the initial FDA approval.
Depomed Announces US Food and Drug Administration Approval of GRALISE(TM) (gabapentin) Once-Daily Tablets for Treatment of Post-
Date : 01/28/2011 @ 7:30PM
Source : GlobeNewswire Inc.
Stock : Depomed, Inc. (DEPO)
Quote : 6.24 0.06 (0.97%) @ 8:00PM
Depomed Announces US Food and Drug Administration Approval of GRALISE(TM) (gabapentin) Once-Daily Tablets for Treatment of Post-
Depomed, Inc. (MM) (NASDAQ:DEPO)
Intraday Stock Chart
Today : Saturday 29 January 2011
Depomed, Inc. (Nasdaq:DEPO) today announced that US FDA has approved GRALISE™ (gabapentin) Tablets for once-daily treatment of post-herpetic neuralgia (PHN), which is pain following healing of the rash associated with shingles. GRALISE was developed by Depomed under the code name DM-1796 and is licensed to Abbott Products, Inc. in the U.S., Canada and Mexico. The approval of GRALISE triggers a milestone payment of $48 million from Abbott to Depomed.
"The approval of GRALISE is a major step toward achieving our key strategic objective of sustainable profitability in 2011 and beyond," said Carl Pelzel, President and CEO of Depomed. "I'd like to thank everyone on the Depomed and Abbott teams involved in the development and approval of this important therapy for their hard work and dedication," added Mr. Pelzel.
Michael Sweeney, MD, Vice President of Research and Development for Depomed, noted, "We are delighted with the approval of Gralise, which marks the third FDA approval of a product developed by Depomed. Further, FDA has granted GRALISE Orphan Drug status, recognizing GRALISE as an important treatment option for patients who suffer from the pain of PHN. We are also very pleased with the product label FDA has approved."
"The GRALISE formulation of gabapentin allows for once-a-day dosing and a tolerability profile that will be a positive addition to physicians' treatment armamentarium," said Gordon Irving, MD, Medical Director of the Swedish Pain and Headache Center, Clinical Associate Professor, University of Washington Medical School in Seattle, Washington. "Patients with PHN have long struggled to manage pain following herpes zoster infection. Current therapies require dosing multiple times per day and come with a high incidence of troubling side effects."
About GRALISETM
GRALISE was approved on the basis of two phase 3 trials involving 359 patients treated with GRALISE and 364 treated with placebo. Safety was evaluated in all 723 patients and the efficacy assessment was based on the second phase 3 trial, a randomized, double-blind, placebo-controlled study of 452 PHN patients. In this trial, GRALISE achieved a statistically significant reduction in average daily pain score compared to placebo. Patients in the study were randomized into two treatment arms: placebo or 1800 mg of GRALISE dosed once-daily. Secondary objectives included an assessment of changes from baseline in sleep interference, and additional patient and clinician assessments of pain and quality of life.
A total of 359 patients with PHN have received GRALISE at doses up to 1800 mg QD during placebo-controlled clinical studies. In these trials, 9.7% of patients treated with GRALISE and 6.9% of 364 patients treated with placebo discontinued prematurely due to adverse reactions. In the GRALISE treatment group, the most common reason for discontinuation due to adverse reactions was dizziness. Of GRALISE-treated patients who experienced adverse reactions, the majority of those adverse reactions were either "mild" or "moderate". The most common treatment-emergent adverse events associated with GRALISE treatment were dizziness (10.9% with GRALISE vs. 2.2% placebo), somnolence (4.5% vs. 2.7%) and headache (4.2% vs. 4.1%).
GRALISE is to be titrated over a two-week period to an 1800 mg once-daily dose, given with the evening meal. GRALISE tablets swell in gastric fluid and gradually release gabapentin. GRALISE is not interchangeable with other gabapentin products because of differing pharmacokinetic profiles that affect the frequency of administration.
The GRALISE NDA was submitted under Section 505(b)(2) of the Food, Drug and Cosmetic Act because it also references certain toxicity, safety and other data of Neurontin®, the formulation of gabapentin initially approved by the FDA.
As previously announced, GRALISE has received Orphan Drug designation.
About the GRALISE Exclusive License Agreement
Depomed entered into a license agreement for GRALISE (DM-1796) with Solvay Pharmaceuticals in November 2008. Abbott Products assumed the license agreement and Solvay's obligations under it as a result of the acquisition of Solvay's pharmaceutical business by Abbott Laboratories, which was completed in February 2010. In addition to the $48 million milestone payment for approval of GRALISE, the license agreement calls for royalties of 14 to 20 percent on product sales, and sales milestone payments of up to $300 million.
Depomed announced on January 18, 2011 that the company had initiated mediation with Abbott Laboratories (NYSE:ABT), the parent company of Abbott Products, regarding Abbott's commercialization obligations under the license agreement.
About Post-Herpetic Neuralgia
PHN is a persistent neuropathic pain condition caused by nerve damage after a shingles or herpes zoster viral infection and afflicts approximately one in five patients diagnosed with shingles in the United States. The incidence of PHN increases in elderly patients, with 75 percent of those over 70 years old who have shingles, developing PHN. The pain associated with PHN reportedly can be so severe that patients are unable to resume normal activities for months. Approximately 70,000 to 100,000 Americans are affected by PHN each year. The pain associated with PHN can interfere with daily activities such as sleep and recreational activities and can be associated with clinical depression.
Important Safety Information
GRALISE is contraindicated in patients who have demonstrated hypersensitivity to the drug or its ingredients.
GRALISE is not interchangeable with other gabapentin products because of differing pharmacokinetic profiles that affect the frequency of administration.
The safety and effectiveness of GRALISE in patients with epilepsy has not been studied.
Antiepileptic drugs (AEDs), including gabapentin, the active ingredient in GRALISE, increase the risk of suicidal thoughts or behavior in patients taking these drugs for any indication. Patients treated with any AED for any indication should be monitored for the emergence or worsening of depression, suicidal thoughts or behavior, and/or any unusual changes in mood or behavior.
Gabapentin should be withdrawn gradually. If gabapentin is discontinued, this should be done gradually over a minimum of one week.
GRALISE Availability
Depomed currently expects GRALISE will be available in 300 mg and 600 mg tablets later this year.
Conference Call
Depomed will be hosting a conference call on Monday, January 31, 2011 at 8:00 AM EST to further discuss the matters disclosed above.
The conference call will be available via a live webcast on the investor relations section of Depomed's website at http://www.depomed.com. Access the website 15 minutes prior to the start of the call to download and install any necessary audio software. An archived webcast replay will be available on the Company's website for three months.
About Depomed
Depomed, Inc. is a specialty pharmaceutical company with one approved product on the market and has developed another approved product. GLUMETZA® (metformin hydrochloride extended release tablets) is approved for use in adults with type 2 diabetes and promoted by Santarus, Inc. in the United States. GRALISETM (gabapentin) is a once-daily treatment approved for management of post-herpetic neuralgia (PHN) and has been licensed to Abbott Products Inc. The company also has a robust pipeline including one in Phase 3 clinical development, and other product candidates in its early stage pipeline. Product candidate Serada® is in Phase 3 clinical development for menopausal hot flashes. Depomed formulates its products and product candidates with its proven, proprietary Acuform® drug delivery technology, which is designed to improve existing oral medications, allowing for controlled release of medications to the upper gastrointestinal tract when dosed with food. Additional information about Depomed may be found on its website, http://www.depomed.com.
The Depomed, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7529
Forward-looking Statements
Statements included in this press release that are not a description of historical facts are forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation by Depomed that any of its plans will be achieved. Actual results may differ materially from those set forth in this release due to the risks and uncertainties inherent in Depomed's business, including, without limitation: risks related to the exclusive license agreement between Depomed and Abbott Products, the outcome of the dispute between Depomed and Abbott Products related to Abbott Products; the potential benefits and market opportunity of GRALISE; and other risks detailed in Depomed's prior press releases and public periodic filings with the Securities and Exchange Commission.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and Depomed does not undertake any obligation to revise or update this news release to reflect events or circumstances after the date hereof. This caution is made under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995.
CONTACT: Sheilah Serradell
Depomed Investor Relations
(650) 462-5900
sserradell@depomed.com
I just meant ABT messing with the launch hoping to negotiate a better contract deal than the one they got through its acquisition of Solvay Pharmaceuticals last year.
what hold back?
"The approval of GRALISE triggers a milestone payment of $48 million from Abbott to Depomed."
I saw the usually activity in after hours on knew it was a done deal that's why they call me streetsmart on the stock market...
Pre-market will be a good indicator on the price target.. CLDA jump after approval from 15.00 to 24.00 - 9.00 increase....
We'll see a jump of some sort.....
Great work Pcrutcher...
DEPO!!!
Congrats to ALL LONGS!
May DEPO become a TEENAGER Monday!
Tim
Hopefully they give us some information about the mediation with ABT in the CC on Monday
So true. IMO the ABT issue is now the only holdback here. The stock jumping over a buck after hours late on a Friday night and after the ABT issues were already out for days now says alot.
One day at a time.
And then what's the price for the next Monday?
Depomed Surges on Shingles Drug's OK
http://www.thestreet.com/_yahoo/story/10989214/1/depomed-surges-on-shingles-drugs-ok.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
FDA approves $DEPO GRALISE, will receive $48m from $ABT. Congrats! http://yhoo.it/hNf0X1
Followers
|
23
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
358
|
Created
|
06/14/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |