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PLX being naked shorted?
January 7, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , announced today that these select companies have been Added To the NASDAQ, AMEX, NYSE, OTCBB and Pinksheet naked short threshold lists. SAL BRS EMRG FD I (NYSE:EDF), SENESCO TECHNOLOGIES INC (AMEX:SNT), RADIENT PHARMACEUTICALS CORP (AMEX:RPC), (:FRF), PROTALIX BIOTHERAPEUTICS INC (AMEX:PLX), URANIUM ENERGY CORP (AMEX:UEC). For a complete list of companies on the naked short lists please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to http://www.buyins.net .
http://www.buyins.net/releases/index.php?sym=rpc&id=139857
TPL - I remember bro!! Looking good here.
Joined you today. Reminds me of POPN back in the day, which went to almost .02. Product makes sense and the potential Walmart deal will serve as the catalyst here. Good luck.
CPIX - Cumberland Pharmaceuticals Receives FDA Approval for New Formulation of Acetadote
OT (comedy relief): MNKD - I hear this is what the CEO thinks of all the shorts, hence all of his buying...
SPEX - well done.
MNKD - personally, I think the upside potential is small and the downside potential is massive, since their nearest pipeline product is a couple years out. It's kind of an all or nothing for MNKD. Even if approved, they will face similar marketing challenges as those in the past and it will take a long time to penetrate the market. Also, it's not a new blockbuster drug where there are no alternatives. I'm not in this one and don't plan to be.
PLX - we never like seeing a shelf prior to FDA approval, but it's pretty common. They have no debt, a nice chunk of cash available, huge partner, and a drug with an SPA which will likely be approved. My thought is there is likely a big investor or more than one who is interested in buying a large block. In addition, a shelf allows the company to sell the shares for up to 2 years without having to re-register, etc. I understand that there was such a large interest overseas, that they started to traded on the Tel Aviv exchange. In addition, there is about $50M + in shorts, which will likely have to cover now or later, when the pps is much higher. Given their fiscal responsibility so far (i.e. no debt and $ on hand), I expect them to use the shelf wisely.
PLX ($10.06) - added at $10.10 today. I have been doing lots of DD on this one and it's looking great to me.
DEPO - this is one stock that I was not able to find any negatives. She's a beauty. Can't wait for the end of the month.
CLSN - curious to see if it takes the usual negative 15-20% "financing PR" beating today. If so, it surely creates a possible buying opportunity. If you look at some of the recent ones which announced financing and moving down, they moved right back up and some beyond where they started.
DEPO - based on the chart, we could see another red day today, as we continue to consolidate. I'm loving this consolidation and consistent trading. We've got a few more days of consolidation, then we should head north again to new 52-week highs.
CLDA - the only fear I have here is the fact that they did not compare their drug to other approved drugs, only to placebo during trials. Not sure if the FDA will ask for additional trial(s) comparing to others. Your thoughts would be appreciated on this topic. Thanks.
BCRX - just read this a minute ago. Results don't look great here, hence the -6.3% p/m.
DEPO ($7.07) - nice run the last few days. Looking for a healthy consolidation here. Want to see that Full STO get back near 80, then turn back up. Should consolidate between $6.95 to $7.10, then off to $7.50 we go. However, with only 12 trading days left to PDUFA, anything is possible.
CLDX - Full STO just crossed the 20...I like it here from a technical standpoint.
This is where a close look at the balance sheet is important. Understanding how much available capital is on hand to fund operations/upcoming launches/trials, etc is crucial. There are also cases such as DEPO, where they are partnered and the parnter funds most, if not all of the trials and launch expenses. Capitalization for a good reason can be very positive, if the funds are used to add value to the company.
RGEN - yes, right at the 20 day would be a great re-entry!!
CLDA - just as I suspected, shorts killing it!! 22.99% short interest increase.
3,171,200 (current)
2,578,400 (prior)
PDUFA in exactly 14 days. Watching for a bear raid.
AVNR - I still look at the bear raid on the chart and say wow!!! That was a crazy day. Chart is setting up nicely here.
DEPO - nice, more exposure. I wish the analysts would start covering/updating their targets. We should see some kick it in gear very soon. $6.85 a/h close today.
It was October 30th, a Saturday. The FDA approval came out on the Friday before, October 29th.
DEPO - which actually brings up an interesting topic. The 30th is a Sunday.
DEPO - In addition to Serada (Phase 3), the Phase 1 results for DM-1992 are to be released in Q1 2011.
PLX ($10.29) - In at $10.30 today.
AFFY - nice call man!!
XOMA getting the CYTK treatment a/h.
XOMA News:
http://finance.yahoo.com/news/Interim-Three-Month-Data-From-pz-2847333544.html?x=0&.v=1
Interim Three Month Data From Ongoing Six Month XOMA 052 Phase 2a Trial Support Safety and Biological Activity
BERKELEY, Calif., Jan. 6, 2011 (GLOBE NEWSWIRE) -- XOMA Ltd. (Nasdaq:XOMA - News), a leader in the discovery and development of therapeutic antibodies, today announced that it has conducted an interim review of three-month data from a Phase 2a clinical trial of XOMA 052 in a small group of 74 patients with Type 2 diabetes focused on evaluating safety where XOMA 052 was shown to be well-tolerated, the primary goal of the study. This Phase 2a trial was designed as an exploratory trial focused on overall safety and kinetics and was not designed to show statistically significant differences in measures of biological activity. XOMA 052 is being studied in an ongoing 420 patient, six month Phase 2b dose-ranging clinical trial where results are expected by the end of this quarter and the primary goal of the study is reduction in levels of hemoglobin A1c. The primary goal of the Phase 2a trial was to gain additional XOMA 052 safety information in Type 2 diabetes patients on a background of stable metformin monotherapy. In this study, XOMA 052 was well tolerated with no significant differences in adverse events, lab abnormalities and vital signs between XOMA 052 and placebo and no drug-related adverse events. At the time of this three month interim review, evidence of biological activity was observed, including a reduction in C-reactive protein levels and a modest reduction in hemoglobin A1c levels. XOMA 052 is designed to inhibit the pro-inflammatory cytokine interleukin-1 beta that is believed to be a primary trigger of pathologic inflammation in Type 2 diabetes. XOMA is jointly developing XOMA 052 in collaboration with Servier.
"The interim data from this ongoing trial in a small group of patients treated over three months continue to support the hypothesis that reducing inflammation through IL-1 inhibition is a safe approach to treating diabetic patients," said Marc Y. Donath, M.D., Professor and Chief, Department of Endocrinology, Diabetes and Metabolism at University Hospital Basel, Switzerland, a pioneer in the therapeutic use of IL-1 inhibition in patients with Type 2 diabetes and principal investigator in the landmark study reported in the New England Journal of Medicine in 2007.
The primary goal of the Phase 2a trial is to gain additional XOMA 052 safety information in Type 2 diabetes patients on a background of stable metformin monotherapy. Secondarily, the trial is designed to explore the kinetics of XOMA 052's effects on several measures of biological activity. Most of the kinetics will not be evaluable until completion of the study. A total of 74 patients were treated, 55 on XOMA 052 at a single dose level and 19 on placebo, on days 0, 14, 28 and 56. In the final three months of the trial, patients in the XOMA 052 group receive the same, higher or lower dose level for an additional four doses. Patients in the placebo group will continue to receive placebo. XOMA anticipates reporting the Phase 2a results from the full six months' treatment in the second quarter of 2011.
The interim data measured at day 84 indicate that XOMA 052 was well-tolerated, with no significant differences between the XOMA 052 and placebo groups in observations of adverse events including hypoglycemia, hyperglycemia, infections, injection site reactions, lab abnormalities or alterations in vital signs. There were no drug-related adverse events. Even though this Phase 2a trial is an exploratory trial not powered to show statistically significant differences in measures of biological activity, C-reactive protein levels decreased by a median of 49% in the XOMA 052-treated group and 2% in the placebo group. Median reduction from baseline in hemoglobin A1c levels at day 84 was 0.2% in the XOMA 052 group versus 0.1% in the placebo group. C-reactive protein is a biomarker of cardiovascular risk. Hemoglobin A1c is a measure indirectly reflecting blood glucose levels as averaged over a 90 to 120 day period.
"We are encouraged by these results, which are consistent with those observed in our Phase 1 program, and we look forward to obtaining the full six month data from this trial and our Phase 2b trial, also in Type 2 diabetes patients," said Steven B. Engle, XOMA's Chairman and Chief Executive Officer. "The results we have reported to date in a proof-of-concept Phase 2 trial in patients with Behcet's uveitis, an orphan indication, and in Type 2 diabetes patients, support continued XOMA 052 development as an entirely new approach to the treatment of Type 2 diabetes."
"We are pleased to see these initial results of the ongoing Phase 2 program for XOMA 052. We look forward to evaluating the results of longer-term treatment from this trial and the larger, ongoing Phase 2b dose-ranging trial as we advance this exciting antibody in clinical development for multiple indications," said Emmanuel Canet, M.D., Ph.D., Servier's President, Research & Development.
XOMA 052 and Interleukin-1 Inhibition
XOMA 052 is a potent monoclonal antibody with the potential to improve the treatment of patients with a wide variety of inflammatory diseases and other diseases including cancer. XOMA 052 binds strongly to interleukin-1 beta (IL-1 beta), a pro-inflammatory cytokine involved in Behcet's uveitis, diabetes, cardiovascular disease, rheumatoid arthritis, gout, and other auto-inflammatory diseases. IL-1 is a well-validated therapeutic target, with three marketed IL-1 inhibitors that have been used by more than 200,000 patients overall. By binding to IL-1 beta, XOMA 052 inhibits the activation of the IL-1 receptor, thereby preventing the cellular signaling events that produce inflammation.
To date, nearly 600 patients have been enrolled in XOMA 052 clinical trials. XOMA has completed enrollment in two Phase 2 clinical trials in patients with Type 2 diabetes and expects top line six month results from the Phase 2b trial in this quarter. The Phase 2 trials follow a successful 98 patient Phase 1 program in Type 2 diabetes in which XOMA 052 was shown to be well-tolerated, demonstrated evidence of biological activity in diabetes measures and cardiovascular biomarkers, and had a half-life that may provide convenient dosing of once per month or less frequently. The company has also demonstrated the potential for XOMA 052 in in vivo models of cardiovascular disease and in an in vitro model using human myeloma or plasma cell cancer cells.
About XOMA
XOMA discovers, develops and manufactures novel antibody therapeutics for its own proprietary pipeline as well as through license and collaborative agreements with pharmaceutical and biotechnology companies, and under its contracts with the U.S. government. The company's proprietary product pipeline includes:
•XOMA 052, a potent anti-IL-1 beta antibody entering Phase 3 clinical development in Behcet's uveitis, for which it has been designated an orphan drug, and in Phase 2 clinical development for Type 2 diabetes with cardiovascular biomarkers, Type 1 diabetes, and with potential for the treatment of a wide range of inflammatory conditions.
•XOMA 3AB, an antibody candidate in pre-IND studies to neutralize the botulinum toxin, among the most deadly potential bioterror threats, under development through funding provided by the National Institute of Allergy and Infectious Diseases of the National Institutes of Health (Contract # HHSN266200600008C).
•A preclinical pipeline with candidates in development for autoimmune, cardio-metabolic, inflammatory, ophthalmic and oncologic diseases.
The company has a premier antibody discovery and development platform that incorporates an unmatched collection of antibody phage display libraries and proprietary Human Engineering(TM), affinity maturation, Bacterial Cell Expression (BCE) and manufacturing technologies. BCE is a key breakthrough biotechnology for the discovery and manufacturing of antibodies and other proteins. As a result, 60 pharmaceutical and biotechnology companies have signed BCE licenses, and several licensed product candidates are in clinical development.
XOMA has a fully integrated product development infrastructure, extending from pre-clinical science to approval at its Berkeley, California location. For more information, please visit www.xoma.com.
The XOMA Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5960
About Servier
Servier is the leading independent French pharmaceutical company, established in 1954 by its founder, Dr. Jacques Servier. The group is established in 140 countries and 88% of Servier products are prescribed outside of France. Sales turnover in 2010 reached 3.7 billion euros. More than 25% of Servier's turnover is invested in Research and Development. Servier R&D counts 19 International Centers of Therapeutic Research, and its principal therapeutic research orientations are cardiovascular diseases, diabetes, neuropsychiatric disorders, cancer and osteoarticular diseases. Servier has an extensive history of more than 150 successful partnerships for product discovery development, regulatory approval and availability for patients. More information is available at: http://www.servier.com
DEPO ($6.77 AH) - the last two times DEPO came out of consolidation, we gapped up/gapped and ran ~ .25+ each time. If this holds true for the 3rd time, we'll be at $7.00 tomorrow. Very bullish going into the close today and hit $6.80 a/h. 15 trading days to go!!
DEPO ($6.75) - charted like clockwork. If it follows the pattern I'm seeing, we would gap up tomorrow and run for 2 days. Then back to consolidation. We'll see!!
CLSN ($2.70) - investors chipping away at the little bit of resistance here.
CLSN ($2.68) - I joined you guys on this one today. Looks good!!
DEPO ($6.56) - looks like she's ready to break out to the next level.
CLSN rockin!!
ARIA ($5.34) - Reply from ARIA IR regarding next weeks conference....
"Our presentation at JP Morgan will include an overview of the company and an update on our progress."
DEPO ($6.49) - beyond the safety and effectivness, which I just addressed, the FDA asks themselves, is there value and benefit to those who might use the drug? The answer here is Yes! There is a significant reduction in side effects such as dizziness and somnolence, as well as a more convenient once daily (QD) dosing profile versus the 3-4x daily for generic gabapentin. This too leads me to believe we see an FDA approval.
DEPO ($6.499) - Did you know.....
that gabapentin has been approved by the U.S. FDA for post-herpetic neuralgia (PHN) and there is 17 years of post-approval use safety data on gabapentin.
Depomed’s DM-1796 AcuForm drug is a reformulation of the generic gabapentin that relies on previous data submitted by Warner-Lambert and uses the 505(2)(b) pathway for approval.
It is not a new chemical entity (NCE), which is why I believe it will be granted FDA approval in 16 trading days or less.
DEPO ($6.53) - 4 to 5 days of consolidation and next leg up. Today is the 5th day and looking promising here. Another positive was the resupply of Glumetza 500 mg news today. It's all coming together here.
OPXA (+75%) great call WI Biker. Congrats.
DEPO - excellent news!!