Seelos Therapeutics Inc (SEEL)

[marketmauler]

From the market's reaction, it looked to be that the NM100060 drug was the last straw that broke the camels back. Interestly enough, it was like Vitaros was already ruled out. Vitaros could become a major player again if Warner Chilcott hops back on board with the following recent news. Who knows if it will happen, its up in the air.

I still think the main play here is NM100060. There is so much we know and don't know about the approval process of this drug. Novartis decided too hold back from submitting a NDA but never gave a reason why. Nexmed has never given us a reason why either.

I have a feeling that if, and when Novartis decides to submit the NDA to the FDA, it's going to be a breath of fresh air to this stocks PPS, imo.

Let's just hope the market isn't too sour to realize it.