SmurfVA's Random Picks

[Ned Serious]

POZN - CRL was after - after hours trading closed. There was no info officially released all trading day about it, only rumors of investors relation stating a PR would be out yesterday. I was watching the price to see if it was going to fall like it did in after hours with CHTP. It did a little, but not really much. These things never make sense.

Little bit of history:

CHTP:

On PDUFA day, the FDA published 2-3 hour delays on their web site due to massive snowstorm and listed the day as an optional day for their employees to take a day off or work from home. It would be logical that there might be a delay or it might not be done.

No PDUFA news during the day, stock price plummeted ala bear raid, CHTP went out of its way to issue a PR stating that they had NOT received any news from the FDA, price recovered. Stock is halted a few times during the day. After hours occurred. No news - another massive bear raid. Then an hour before AH trading closes, CHTP issues a PR stating that the FDA would delay the decision until next week. Price rallies, then falls a little.

Then I believe Monday was market closed and Tuesday CHTP no news issued during the day until late in the day. (i think it was after hours) - so a lot of waiting. Approved. Price rallies, then sells off like most that are approved.

POZN:

No news during the day, price opens up, falls all day, but so did the market and most bios. After hours, still no news. Price falls, but not really all that much and on low volume. Twitterverse thinks CRL. An hour AFTER - after hours trading closes, POZN issues PR stating its a CRL for manufacturing issues and issues this PR; link: http://finance.yahoo.com/news/pozen-pa8140-pa32540-receives-complete-003000785.html

“Although we were hopeful for a first cycle approval, we believe that the issues raised during the inspection can be remedied to the satisfaction of the FDA. The timing of the inspection of this facility was unfortunate as the final inspection report was only issued today. Because it occurred so close to our PDUFA date, there was no opportunity to address the issues raised,” said John R. Plachetka, Chairman, President and Chief Executive Officer.

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Its just my opinion, but I believe the POZN didn't get the CRL at 8PM after hours. I believe they received it earlier in the day and waited to put it out. By putting it out after hours, and on Friday night, its somewhat buried in the news for most people. Not buried of course for anyone invested in it.

I may be wrong, but I believe they held the info from sometime earlier in the day. Just my $.02 and always watching for patterns.