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Biotech / Medical : CollaGenex (CGPI) FDA PENDING
CGPI 0.00010000.0%Jul 21 5:00 PM EST
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To: Tom D who wrote (20)10/22/1997 1:04:00 AM
From: Vector1  Read Replies (1) of 142
 
Tom,
The company has asserted that the Tetracycline dose in Periostat is so small it is insufficient to kill bacteria and therefor incapable of inducing the creation of resistant strains. For the reasons you suggest the FDA is looking at this very carefully. No question in mind that CPGI is a 20-25 stock overnight if they recieve approval. Without approval they are virtually worthless. Assuming there is an options market in the stock I think the play here may be to try and get a better sense when a decision will be made and play a straddle.
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