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Biotech / Medical : Panacos Pharmaceuticals (PANC)

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To: tuck who wrote (32)8/1/2007 1:31:39 PM
From: tuck  Read Replies (1) of 53
 
Hmm. Digging a little farther into the CC, I see they are still slow on the oral formulation issue, and P3 seems to be pushed out another quarter. That, and the bioavailability problems with the 1st generation budding inhibitor, causing them to drop it and go with a 2nd generation budding inhibitor, appears to be behind the fresh drop to 52 week lows.

See also:

fool.com

Clearly the market is beginning to doubt their ability to resolve the formulation issues. The move to the 2nd generation budding inhibitors doesn't bother me as much. Holding, but not adding yet.

Cheer, Tuck
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