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Biotech / Medical : Sepracor-Looks very promising

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From: Arthur Radley5/31/2009 5:18:02 PM
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Why is SEPR trading at this valuation......short interest in latest period dropped by 20% and earnings projected to come in for '09 at a little more than $2.50 a share. Applying current PE to full year projections would value the stock at more than $25.00...is there a problem with recent NDA application for epilepsy? Doesn't the FDA have a 60 day response time for acceptance of the NDA.....if so, 60 days are about up.
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