What are everyone's thoughts?
Forum > How do you find beforehand if a stock is close to FDA approval?
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Posted June 29, 2009 (12:00PM)
how do you guys feel about Labopharm's growth potential within the next few weeks as well as well as United Therapeutics's? Do you guys think it has the same kind of growth potential SVNT or SPPI has?
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Posted June 29, 2009 (08:13PM)
What I think I will do, is buy some.. and then put a high limit sell in on it, in case I am not around to see it pop... ;) Not too high... just enough to feel good about if it did pop. You can always adjust as you go... ;) |
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Posted June 29, 2009 (10:09PM)
like ISTA for the most recent example |
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Posted June 29, 2009 (10:23PM)
The next pop after SPPI, in my opinion, will be HGSI which will present resuls of it's phase 3 Lupus drug in July.
I have 25-30% of my account in SPPI and 15-20% in HGSI. As I begin to sell SPPI, I plan to buy more HGSI and get it up to that 25-30% range. |
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Posted June 30, 2009 (01:04PM)
When exacyly in July will this occur? And which out of the 3 (HGSI,Labopharm, United Therapeutics) do you guys think has the biggest potential to make a runup in July? |
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Posted June 30, 2009 (01:22PM)
If I can add AMAG to the list of potential events in July. I still have to research it but the July options are very expensive (in terms of implied volatility) compared to the other months
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Posted June 30, 2009 (01:44PM)
Where you been hiding, OF?.. I added AMAG to this list in this thread almost a month ago. I said it was kinda pricey.. but was less then. ;) Happy Trading.. /:) |
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Posted June 30, 2009 (01:54PM)
Sorry B-Dude, did not mean to steal it -). Do you know what is the story with AMAG?
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Posted June 30, 2009 (02:06PM)
Their approval was due out last Friday. They are awaiting a delayed letter from the FDA. The company says the FDA is not requesting any additional info from the company. An administrative issue apparently. They had a webcast about it today. They say their plan to launch the drug is within weeks of the approval, assuming they get it, which sounds on the outside like they expect to be approved. |
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Posted June 30, 2009 (04:54PM)
AMAG got their approval...and up it went.. lol |
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Posted June 30, 2009 (05:08PM)
Yep, thank you for the catch B-Dude. It is up just 5% in after hours, hope it shows better tomorrow
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Posted July 01, 2009 (03:48AM)
For those of you that have them, you may want to consider getting more...and for those of you that don't have them, you may want to consider acquiring some:
Keep in mind that like most pharmas.. they are not long term.. get your profits...and get out...;) FDA - PDUFA Date for Zevalin 7/2/09 00:00:00 ET 
Government Agency
FDA
Name
PDUFA Date for Zevalin
Phone Number
949-788-6700 ext 216
Contact
Investor Relations--SPPI
Comments
Spectrum Pharmaceuticals--SPPI and Cell Therapeutics--CTIC FDA PDUFA Date for the company's sBLA for Zevalin, which was granted Priority Review by the FDA on Monday, December 1, 2008, was originally April 2, 2009. However, on February 24, 2009, the FDA decided to move the PDUFA Date to today after receiving an amendment for the drug's use as first-line consolidation therapy for patients with B-cell follicular non-Hodgkin's lymphoma, the company said. The FDA has approved Zevalin as treatment for patients with relapsed or refractory, low-grade or follicular B-cell NHL. The article says 'today' but actually this is on the event calendar for TOMORROW... July 2Happy Trading... /:) |
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Posted July 01, 2009 (06:43AM)
Beret are you selling SPPI today or waiting till tomorrow morning? im not sure wat time the decision is.
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Posted July 01, 2009 (07:15AM)
Doc? First, I would have to buy some in order to sell. ;) I sold all of mine the other day when it bumped up. I don't hold pharmas very long... been burned a few times. I don't own CITC either currently, but I MAY buy one or the other, or both, this morning. Happy Trading... /:) |
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Posted July 01, 2009 (07:54AM)
haha i guess it does help if u had SPPI.
why CITC?? am i missing something? |
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Posted July 01, 2009 (07:58AM)
Reference my earlier post this morning... apparently SPPI and CTIC have both submitted one drug for approval...Zevalin, and apparently the decision is tomorrow? Least that is how I read that news article I pasted up above here from this mornings news. |
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Posted July 01, 2009 (02:46PM)
HGSI looks promising. I know that generally it's self-defeating to sell covered calls on small pharma that will either jump up or drop after FDA events, but have you seen the Aug 5 calls on HGSI? .75 on a stock currently selling for 2.89? That's crazy! If that option gets exercised, that's still over a 100% profit. I'm going to hedge on half of my shares and sell some calls, and risk ONLY doubling my money on those for some significant downside protection. Any thoughts from you small pharma pros out there? |
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Posted July 01, 2009 (03:14PM)
buyhold - you are willing to risk something like $2.10 - $2.20 and in general being bullish on HGSI. The 2.5 - 5 call spread goes for around $45 and this is your max risk. Max profit - 500% is 50 days
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Posted July 01, 2009 (03:43PM)
Thanks OF. I typically am not looking to buy options, so I didn't think of this strategy here. If the stock really pops,--nice potential reward. I'll have to think on this--I may have to try again with a debit spread.
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Posted July 02, 2009 (07:44AM)
Not sure what happened with SPPI's review today, but CTIC is still on track. Just a thought.....and a suggestion if you do have CTIC.. at least put in a sell order HIGH if you are a short termer.. .. because one nice shooting star could trigger it for you.. ;)
Happy Trading... /:) |
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