FDA Plays

[jrbritt]

Got out of NEOP today - still think it has a great future but I was concerned with the amount of time left before trial results in early Q2. When I bought I thought the results were expected first week of March or so. Didn't want to see my profits linger away a few cents a day for a month. Had over 50% of my account in play here so I was extra careful once I saw how it was trading this morning - sold at 3.70 and the rest at 3.80 when it popped back up. May buy back before results depending on price action.

Lymphoseek has had great results thus far - definitely see myself getting back in if they get NDA acceptance and PDUFA in 4Q or 1Q '12. Also have other products in pipeline.

Picked up SPPI this morning at $6.99. I also considered buying PLX before their date next week. The consensus seems to be they have great odds for approval - but with no gains locked in already I think the risk/reward may be a little too high for me.

GLTA