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It does show promise!! It will be approved imo just not this time around....I don't even see how they could. The phase 3 trial failed, FDA advisory board said NO they do not recommend it.
On what grounds would you approve it? Go back to a smaller previous trial that was less rigorous and had less subjects and say "See it works?" You and I can say that, but the FDA?
I think it requires a Phase IV we'll see though.
Will see if it get's back down to a good re-entry point. No volume this morning just people selling small blocks.
I'm confused as to how you guys are coming up with that. BPAX tanked on FAILED libelgel efficacy. Opened at .54 ish that was all MM.
Over the next couple of weeks in went down then a solid move up toward the .70's, a daytrader run to 1.06, as the traders got out etc short, manipulation, Adam F, pick your favorite reason it went back down, gapped up and opened at 1.20 on FDA approval from a totally different drug that will net BPAX pennies on the dollar aka not much at all. Yesterday was another fun pop based off of charts and a oversold condition imo.
CBRX is different it has a hell of a drug to get approved negative recommendation by the FDA sdvisory board which is the FDA follows 70% of the time. A 4% Progesterone drug is already market this is just a 8% bioadhesive. The only hope is there is no drug currently marketed for short cervix and the drug is proven safe, but for whatever reason it failed to produce the results in the latest trial. CBRX doesn't have money to do another the hope is WPI will continue the research and put this to rest..
IMO< this fails or gets a Phase IV added in some repect. The stock is dropping because few people think it will get approval remember it was .55 or so after the negative review. If it does get approval it will soar and those who bet that way will be all :) weeeeeeee.... most including me are waiting for the negative headline and a drop then I'll buy. I do believe at some point after another trial or midway through one it will be approved.
Just not right now!! For those that are in best of luck!!
BPAX was approved and it was a easy approval. CORT was either or lol.
DSCO will be approved I'm in that been in adding on dips. When you have negative review from the Advisory board it's a hard sell. Less then 30% of the time does the FDA go against what the board recommends.
Add to that there is already a 4% Progresterone bioadhesive on the market. Now magically you up that to 8% and it's being called a new drug with a new market?
I just don't see it being approved, but place your bets should be a great gap if it is!! With minimal downside if it isn't maybe high .60's low 70's.
I think it's because no one thinks it will get approved. I don't think it will, so I'm not in.
No, you mean Teva made up stories by traders?
I'm out don't think this will hold best of luck.
Starter position .6534
You'll see the low .60's today so get ready. Sells outnumbering buys 7 to 1 over the last 8 trading days.
What else would you expect from them? For all the longs that bought in the upper .xx and 1.xx range it's sell for a loss or admit your a baggy for a couple of months.
I don't count premarket/aftermarket I count opens, intraday, and closes 1.20 was the high.
I agree longterm Libelgel is not, but good luck holding for 6-12 months minimum waiting for something to happen on that side of the fence.
Near term there is nothing out there to spur buying except to play the charts or a spontaneous PR>
Multiple analysts already have 1.5M payment 5-7% royalities, so in the end not much and 2 years before it penetrates the market.
This stock rides on Liblegel which we all know how that is going or something that no one knows about.
5% gap down that's crazy down almost 50% from FDA approval.
Ultimately you should be happy then :) the only people that bashed you were the uber exuberant pumpers who said $2 or $4 a share and wouldn't listen to anyting else.
Serious investors do.t need PRs serious investors hold for month, years, only traders look for inflated stock prices caused by PRs. Face it if progress is made in Libelgel or GVAX it will be releases until then pray for a buyout or a surprise rabbit pulled out of the hat.
The selling pressure is unreal gap down low 60's no doubt.........BPAX like a $2 whore with the clap no one wants to touch it!! Just sell, sell, sell .........
Yeah okay as frivolous as the lawsuits against the company! The ones against BPAX are better!!
You mean lie? There is nothing to announce the minute there is I'm sure Simes will it all hinges on Libelgel in the best term.
Agree 100%
Is that.68 coming?
Short term still looking good there Warren.....??? Why would you say any given morning? Aside from a buyout there is nothing due, no trial completing, no fsa review to spur buying.
So, what you are saying is you are praying for a buyout?
Not touching it either!!
So, you are being honest now. You talk as if you are a long, but really just a trader in and out thanks for clarifying.
You mean when I said longterm you'll be fine? Short term its dead longterm no worries, but maybe if everyone pumps enough it'll move to .85. Libelgel is key!!
Yep, that's it trading since 1993!! You just pump this everyday while I'm a realist I'll remind youbof this post next week.
Without positive news on libilgel this is dead in the short term
It is small and 100% CORT's too unlike BPAX. No this is nothing like BPAX ....which was pumped ad nauseum on every investment message board there was, the O/S traded multiple times, BPAX had more volume in a day the CORT had in 6 months!! Very few are in this, but you are right if if gaps to the $5+ range I'm not touching it.
The difference here is unlike BPAX this isn't frontloaded meaning no one is in. The run should be very solid imo $5 is a no brainer. Depending on the gap would depend if I would add.
I'll believe it when I see a screenshot.
Freaking hillarious.......I just looked at my account and I still own a measly 500 share I thought I had 3000 and sold 3000 yesterday. I had 3500...........lol.
Looks like I just made date night with the wife money...and am kicking myself for not holding the other 3k!!
Can't complain though CBRX, BPAX, and CORT made last week awesome!!
I doubt it small sample size 9% had what were considered severe side effects. The FDA has done stranger things......I'm not buying.
I'm out!! NO MOMO HERE this is way done money has moved on in a huge way.
Did you read it? It is exactly as it says investigators "attorney gophers" feel as if management mislead the public with certain catch phrases causes a false and inflated stock price.
Unless Libelgel can be proven effective they do have a leg to stand on. If you go back and read the PR's from BPAX you would think Liblegel was a sure thing and as we know now it clearly was not!!
Unlike many lawsuits this does have merit.
They are cashflow negative!! There are no earnings to beat all PPS increase is based on the drug pipeline and good news on the now (in limbo) Libelgel.
If nothing good comes from the later it will be a slow couple of months.
Low .....the MOMO is gone the herd has moved to other stocks. There is nothing in pipeline that is in the near future and from the outsider looking in the Adam F articles are enough to make any newbie run for the hills.
I think this is dead for the time being......longterm 3,6,9, months should be green from here though.
Out of CORT 2.71 to 3.13 may do well today, but I'm happy with my gain best of luck.
There is no volume if it doesn't come this stays flat.