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Biotech / Medical : biotech firesales
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To: tuck who wrote (2806)1/5/2012 6:23:02 PM
From: tuck   of 3661
 
DuRect's (DRRX) other advanced candidate, also for pain, flubs P3, and the stock is off 47% after hours, well into penny stock status. Dunno if there's much hope for regulatory salvation; I have seen no sign that the issues raised in the CRL are being addressed with a response imminent. Even if they get their oxycodone formulation through, that market isn't without competitors. Haven't looked in quite a while to see if we're looking at major dilution to stay afloat.

Cheers, Tuck
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