Saturday, October 21, 2017 9:50:39 AM
The one piece of due diligence I missed came back to bite me.
When I listened to the recent investor presentations, and heard the road map for POSIMIR, they mentioned that FDA approval would take longer, because it's the second time around for this drug.
I was going to find out why it failed approval the first time, but never got around to it.
The CEO is 60 years old and the Chief Scientist Theeuwes is 79.
Somehow, I don't think his daughter the dentist, will be taking over.
Even if Pain Therapeutics can somehow get Remoxy approved. I see the competitor at EGLT which is approved, trading for $1
DRRX all of a sudden has a cash problem. POSIMER was supposed to pay for everything. And they even had a loan on it.
The next drug in the pipeline is many years away. These Bio companies are used to reverse splits and cash dilution.
Recent DRRX News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/11/2024 04:53:49 PM
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- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 08/26/2024 04:15:12 AM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 08/14/2024 09:01:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 08:15:12 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 08/12/2024 08:10:03 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 08/12/2024 08:05:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 05:03:36 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 08/02/2024 08:30:18 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 04:37:57 PM
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- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:16:39 PM
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