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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: tuck who wrote (972)6/1/2004 12:54:33 PM
From: Jibacoa   of 1005
 
POZN trading down $4.08, or 41.1%, and volume more than 6.2M after it received a not-approvable letter from the FDA for its MT 100.

In the letter, the FDA cited a lack of superiority of MT 100 over naproxen for sustained pain relief, which was the primary end point. It also raised issues about the risk of tardive dyskinesia, which is associated with metoclopramide, a component of MT 100.

bigcharts.marketwatch.com

Bernard
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