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Biotech / Medical : Biotech & Pharma.T.A,
BIB 77.91+1.5%Nov 18 4:00 PM EST

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To: Jibacoa who wrote (2246)2/11/2008 5:55:38 PM
From: Jibacoa  Read Replies (1) of 3722
 
DDSS was up 18.10% at its intraday H & still was able to close up 15.52%, but it isn't doing well AHs.

The stock has continued its near term UT that started on Jan 24 from the $0.95 level, with some pause at the $2 <g> Today's volume of 541,591 was about 4x its ADV

bigcharts.marketwatch.com

On Friday it announced that its recently completed PIII of trazodone achieved statistical significance for the primary efficacy endpoint & also demonstrated improved patient sleep patterns.It plans to file an NDA for its 1x daily formulation of trazodone with the FDA later this year.

Trazodone is an atypical anti-depressant that acts as a dual serotonin agonist and serotonin reuptake inhibitor.It appears to increase serotonin activity by 3 mechanisms: the activation of neuronal serotonin receptors; the inhibition at the neuronal serotonin feedback system which regulates the action of serotonin; & the inhibition of the re-uptake of serotonin.

DDSS is trying to optimize the performance of existing small molecule drugs using its controlled-release technologies.Its lead product, is a 1x daily formulation of tramadol,which is already being launched globally.

The insiders hold < 5% & institutions around 10%. The short ratio came down 15%, is around 1.2x its ADV & it probably has come down more so far this month.<g>

If the stock can start closing some of its June 1 DG above the $3.20 level, it could still have further good % gains.<g>

bigcharts.marketwatch.com

Bernard
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