Here are my new FDA picks. Going for longer term to try and get a higher % return.
I did not complete or do full DD on these yet. Just narrowed the FDA plays down to these 3 and 2 alternates I did very little DD on.
FCSC.ob FDA PDUFA date is June 22nd. FDA advisory rejected drug in 2009 but supposedly has been working to make drug safe. People think it should pass this time around. trading at 75 cents.. Should drift up towards 1.30-1.60 IMO by late May then get a spike or two close to $2 in June. They did private stock offerings a couple months ago with rights to buy more. So they should have enough money so they decreases odds of bad news while holding for FDA date.
ACUR Trading around $3. They were issued priority review for their pain killer drug. June 17th is the next FDA date. This one is harder to guess on but they appear to have enough money to make it well past that date. My target is a run to $4-$4.50 right before the FDA date. But could dip first to 2.60-2.80 from where it trades now at 3.
ALXA Trading 1.40-1.45 I had a FDA of June 30th but need to verify. This one appears to be trading good and I have high hopes for them. Bought a few calls already (way out). They seem to have enough cash on hand also.
TTNP on May 16th and TSPT on July 14th could have good possible run ups also.
If anyone does any DD any finds something I did not post feel free to contribute.
http://www.reuters.com/article/2011/02/14/acura-idUSL3E7DE0VY20110214?feedType=RSS&feedName=marketsNews&rpc=43 for theirsdffor ffJune