Ernie Tremblay’s teaser pitches about imminent FDA decisions or other biotech catalysts always get a lot of attention — not necessarily because he’s always right (ARLZ did get approval for their drug, but the stock is actually down… EARS did not “double by August 31” because the trial he was teasing failed on efficacy), but because his ideas are heavily distributed by his publisher to a huge audience.
And this latest one is no different — I have no idea what the outcome will be, but everyone’s asking me about the stock… so let’s see what it is.
This is another “new antibiotic” teaser, and it talks up the new “deadly strain of old man’s friend” by using horrific, scare tactic language that’s clearly designed to put retirees in a panic… and it’s no coincidence, I expect, that folks who are 60-70 years old are also the prime audience for investment newsletters. Here’s a little taste of that:
“If you’re retired – or even if you were born before 1961 – you need to pay very close attention.
“Your life may be in imminent danger, and the next few minutes could save you or a loved one…
“Time is short, so let me give you the facts…
“At this moment, a new, highly infectious strain of ‘Old Man’s Friend’ is quietly sweeping the heartland, killing nearly every 10 minutes…”
“Old Man’s Friend” is pneumonia, which is certainly a huge problem for many groups of people, particularly children and the elderly or hospitalized, but it’s also a complex disease with many causes. If you want a quick and more sober reality check there’s a “top 20 pneumonia facts” from the American Thoracic Society here just to give you a basic grounding in the situation, or the CDC page is here.
And while it’s true that deaths by pneumonia are growing, it’s not necessarily because of new antibiotic-resistant strains — from what I can tell by a quick scan of the data, it’s because the population is getting older. The age-adjusted death rate for pneumonia has been falling for decades, probably partly because of improved hospital procedures and partly because of much wider use of the pneumococcal vaccine or flu vaccine among the elderly (that’s just a guess on my part, influenza is a major cause of pneumonia). Antibiotic resistance is obviously a concern with pneumonia, as with other diseases and infections, but I have no idea what the scope of the problem (scope matters a lot for a drug developer — if a drug will be used by millions of people it has an easier chance of being very profitable, if it’s reserved for just the most dire cases it’s less likely to be a huge blockbuster).
Tremblay draws out a nice narrative, saying that antibiotics took down pneumonia and made it far less deadly… but that the pharmaceutical industry and government “dropped their guard,” failed to discovery any new antibiotics for decades, and new strains of antibiotic-resistant microbes developed. You all know this, antibiotic resistance is a big deal for lots of infections and diseases, and there has been more of a push from the government and a few pharma and biotech companies over the past five years to advance new antibiotics.
And, of course, the scare tactics continue — lots of all caps…
“retirees are dropping like flies….
“The new pneumonia strain is SAVAGE…
“HIGHLY INFECTIOUS…
“And it kills without mercy….
“Every 10 minutes, another American gets the bad news….
“In fact, across the United States, antibiotics only stop pneumonia about 50% of the time…
“That means if you get this new strain of pneumonia, go ahead and flip a coin.
“Heads you live…
“Tails, you die…
“You’ve got a better chance of surviving a HEART ATTACK!”
So that’s his argument. I don’t know whether it’s fair to say that “we are fast approaching the day where pneumonia is UNSTOPPABLE,” but yes, it’s obviously a major cause of death in the US and worldwide (it’s in the top ten causes, when combined with influenza, though that ranking shifts a little some years), though I’d imagine that the reason “antibiotics only stop pneumonia about 50% of the time” is more because pneumonia is often caused by a virus, not a microbe, than it is because of the growing resistance to some antibiotics of some pneumonia-causing bacteria in some areas of the country.
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I’m not at all an expert on that, just trying to give a little perspective. Let’s move on to identifying the company… what clues do we get?
“Fortunately, there is a solution…
“And it comes from a most surprising source…
“A tiny North Carolina company has spent the last 10 years – an entire decade – developing a whole new class of drug …
“A new drug that can do what old-line antibiotics can’t…
“A new drug that’s poised to usher in the next chapter in modern medicine, saving millions of lives in the process….
“This new drug is the first and only of its kind…
“A breakthrough on par with the discovery of penicillin or the polio vaccine.
“In fact, the FDA has determined this drug is so critical to modern society, they’ve issued a special classification – called a QIDP – rushing it to market.
“And the way this drug works is like something out of “Star Wars” ….
“… while old Azithromycin attacks the ribosome in one location, the new drug attacks the strains of bacteria’s ribosome in THREE DISTINCT LOCATIONS….
“… the drug is brand new, bacteria are not immune to it.
“Consequently, in extensive placebo-controlled, double-blind clinical studies, this new drug proved up to 16 times more effective than Azithromycin….
“… while pneumonia is able to defend itself from one or two angles, it can’t stop an assault from three sides at the same time.
“In other words, if all three of the pneumonia’s ‘protein factories’ are shut down, it simply can’t survive.
“More importantly, it can’t mutate…”
So that’s the hope — that this drug will not only fight antibiotic-resistant pneumonia because the bacteria aren’t yet immune to it, but that the mechanism of action means that bacteria won’t be able to “communicate with each other” to share resistance to this new drug and ensure that it stays effective. I don’t know if that’s a reasonable interpretation of the drug’s progress or not.
But I can ID the stock for you, just need a few more clues. Here are some:
“… right now, this company books a mere $27 million in annual sales….
“Thanks to the U.S. government, it’s on the bullet train to FDA approval.
“It’s already sailed through two FDA clinical trials. And final FDA approval is imminent…
“In fact, the FDA is so eager to get this new drug deep into market, they are issuing a rare “double-shot decision,” expected in December…
“… this new drug does more than fight pneumonia.
“In extensive clinical studies conducted over the last decade, it’s proven to stop nearly every strain of deadly bacteria on the planet…”
That “double shot” is that they expect FDA decisions for both the oral and IV versions of the antibiotic in late December — December 27 for oral, 28 for intravenous. But before that there’s an “advisory meeting” ….
“… this tiny $27 million company’s CEO has been summoned to a face-to-face advisory meeting with the FDA outside Washington, D.C. on November 4.
“I’m confident the CEO could emerge with a smile on his face that will ignite an insider buying frenzy…
And, apparently, there’s already insider buying:
“In advance of the imminent FDA decision – expected by December 27 – folks inside this company are betting their own money at a frenetic pace.
“The company’s President and CEO, Executive Vice President, even their Board Members…”
OK, fine, we can make the company for you now — it doesn’t even require much chugging from the Thinkolator’s big engine to tell you that Tremblay here is teasing Cempra (CEMP).
Yes, a few folks have sent in questions about this worrying that CEMP wasn’t the pick, because it’s not a $27 million company… but remember, Tremblay doesn’t say the company has a $27 million market cap, but that it has $27 million in sales.
It is also technically true that there has been a huge amount of insider selling at Cempra, not buying… but newsletter promotions routinely mislead on this and conflate option exercises or stock grants with “insider buying.” There has been one insider who made a token purchase with his actual money this year, many months ago, but there has generally been selling both among insiders and among institutions.
But yes, Cempra does have an advisory meeting with the FDA on November 4 for solithromycin, which they’ve given the brand name Solithera (or you can see the Cempra press release here). Solithera/solithromycin also has PDUFA dates that match: December 27 and 28 for the oral and IV versions of solithromycin for use in Community Acquired Bacterial Pneumonia (CABP).
And we get more hints that imply that the size of the market will be massive:
“this strain of pneumonia has killed over 1,450 Americans in the last 10 days alone.
“That’s one death every 10 minutes, and the CDC projects the annual death toll will hit 53,000 by December…”
That’s not really a fair number to use — those are the total death totals for pneumonia and influenza, not just the antibiotic-resistant strain of bacterial pneumonia (though I don’t know if there’s a good number for that subset).
And what share will this company get? More from Tremblay:
“This throws open the door to the $2 billion pneumonia drug market… a market now ripe for the taking…
“How big a slice of that $2 billion will this new drug grab?
“Well, in theory, they could take over the entire market…
“After all, antibiotics are failing. As a result, people are dying…
“And the FDA has issued a special classification that grants this new drug a five-year monopoly!”
And he says that he expects sales to surge immediately upon approval:
“Extensive market research determines that doctors are clamoring for this new drug.
“They want it. And they want it now. In fact, 93% of doctors surveyed said they are likely to use this new drug instead of traditional antibiotics.
“Pharmacies are on board as well. Because pneumonia is life-threatening, patients can’t afford to wait a day or two.
“As a result, about 85% of pharmacies will stock the new drug within days of its launch.
“One pharmacists says: ‘Patients can’t wait 24 hours for this new drug to be ordered. So we will stock it on the first day available.'”
The survey numbers come from market research that Cempra did — there’s a slide of some of that data from one of their presentations here that was pulled from a local business article about Cempra over the summer here.
And Tremblay uses a technique that many newsletters attempt: Making an absurd claim sound like it’s reasonable and conservative…
“To say this drug could secure HALF the market is an understatement of epic proportions. But again, let’s keep it conservative…
“At half the market, this tiny $27 million company would see revenues of over $1 billion…
“That’s a sales surge of over 3,600%…
“A stock following this course could jump from $1 to $36…”
I wouldn’t ever say “never” … but Tremblay doesn’t really tie himself down on the time period. The analysts who follow Cempra are estimating that total revenue for the company will be about $60 million next year, and $150 million the following year… though some have used “peak” sales numbers near a billion dollars for solithromycin in their models (that’s out in 2030 or so, presumably based on broader approvals for the drug as a widely used antibiotic). Maybe Ernie Tremblay’s smarter or has greater insight than the average analyst, or is counting on numbers that are more than a decade into the future, or maybe those analysts just don’t understand the sales potential for solithromycin, I don’t know — but I wouldn’t bet a lot on that possibility, personally.
The company, in their investor presentations, indicates that their strategy (assuming FDA approval, which seems to be the consensus expectation) is to build awareness this winter so they’re ready for a big sales push in the 2017-18 pneumonia season — and they seem to put a lot of stock in the fact that a small number of specialists write the vast majority of the prescriptions for CABP, so their sales force should be able to make an impact fairly quickly. They’re aiming for a relatively low price (in the hundreds of dollars, they say) to avoid stressing out insurers and keep the market potential large, and they also note that they will be the only people actively selling into this market (since the competing drugs, primarily azithromycin, are generic).
Cempra has fallen about 50% since the highs of 2015, partly because news of some adverse effects in one of their trials was taken poorly by the market about a year ago (the stock rebounded from that news, but then fell again in January when they raised $175 million, which presumably is needed to start manufacturing and building a sales force to commercialize solithromycin as well as to complete their other clinical trials, including of a pediatric formulation of solithromycin).
Where will it go from here? I have no idea… but the next few months will be full of catalysts as the calendar catches up with the FDA advisory committee meeting on November 4 and the PDUFA decision dates in late December. Cempra is a billion-dollar company right now at $22 a share, and it’s pretty clear to me that expectations are that solithromycin will be approved to at least some degree and lead to sales… though analysts don’t think it will be enough to make Cempra profitable in the next couple years, and I don’t know what the odds of success are for their ambition to get broader approval or use of solithromycin in new indications (pediatric, other infections) or to advance their other pipeline antibiotics (primarily fusidic acid, which also has QIDP status).
Oh, and the QIDP status, while it is potentially important, does not necessarily imply that the FDA has qualitatively determined that this particular drug is worthy of something special… that program is generally intended to spur development of new antibiotics (and other anti-infectious disease drugs), and there have been dozens of antibiotics given QIDP status in the past few years. QIDP status does both expedite the FDA approval process and extend the monopoly period for new drugs by five years, both to get new treatments to market faster and to incentivize pharmaceutical companies to develop antibiotics, but it’s not a magic profit-maker unless the drug is approvable and sells well enough that those extra five years of marketing exclusivity are particularly valuable. (This incentive was created largely because antibiotics, otherwise, have not been of big interest to pharma companies… at least until this recent surge of antibiotic resistance and the breakthrough sales of Cubicin a few years ago. Competing with penicillin or the dozens of other widely-used antibiotics that are generic and very cheap is tough.)
It’s certainly possible that the news could be negative as well as positive in the coming months, but with a billion-dollar valuation I’d assume that the expectations are for a positive response and approval from the FDA… if not necessarily for a “blockbuster” size rollout of sales in the next couple years.
So what do you think? Interested in taking a flier on Cempra? Think it will boom or bust as the year closes? Let us know with a comment below.
P.S. Dr. KSS, who writes about biotech for the Irregulars, has consistently referred to Cempra as overvalued and said it “doesn’t justify the hype” in the past — that doesn’t mean the stock can’t go up, of course, but I’m sure he knows more about the science than I do.
Well done as usual. I will not comment further other than in at 21.65 for a few days and will be out Monday or Tuesday hopefully in the 24-25 range.
I won’t! See the Fabien’s comment below. If it breaks$24, next resistance is $30. Long term target is $40.
I am also Sam and I totally concur with you. The trading is stopped because FDA is reviewing them. We will see where it opens. If they finish it today by 5:00 PM. Depending what would be the price in after the market close trading market it would be good opportunity to buy.
Great job StockGumshoe. I was trying to guess it yesterday and fell on CEMP but gave up after looking at the insider transactions roaster on insidercow.com.
Given the dire standing of the sector CEMP is not doing too bad. It could be a buy if it goes above $ 24.
The CEMP stock dropped from $23.44 to $7.30 during one week. Yesterday, it closed at $7.55. Today it’s not trading because FDA is reviewing them. We will see where it opens. If the news is positive from FDA, it will be above $24.00. It will be too late now unless one buys it below $24.00 during the late market after the closing.
There’s always room for “kinda positive” or “kinda negative” as well — it might be that Cempra’s drug could get a green light for a relatively narrow application where it’s desperately needed, but that it has bad enough side effects that usage will be much more limited than investors had been hoping. Sometimes it’s not a binary decision that comes out from the FDA, or, in this case, from the Adcomms that make recommendations to the FDA.
Not very interested in CEMP. But money is pushing POT. The voters in state after state are quickly coming to an agreement that it is.
Because the evidence is impossible to ignore.
23,000 scientific papers have been released on the medical applications of weed.
Alzheimer’s, cancer, epilepsy, post-traumatic stress disorder, autoimmune diseases… the list goes on and on.
So this November, if it’s announced that President Trump will be taking over the White House, it doesn’t matter.
President Clinton…
It still doesn’t matter.
It doesn’t even matter if enough Americans write Mickey Mouse on their ballots to put him in the Oval Office.
When all of these new weed laws are put to a vote…
The chances are absolutely immense that the vast majority of them will pass.
That means if you know which pot stocks to invest in right now…
When you step in that voting booth, you won’t just be casting your ballot for your next president, senator, and house representative.
You could also be punching your ticket to a seven-figure weed windfall.
Now, a word of warning: I’m going to be talking mostly about penny stocks.
And they’re absolutely more risky and volatile than your run-of-the-mill blue chips.
But by putting a couple hundred bucks in just a few of these next generation weed companies…
You could make more money from the stock market than you’ve ever seen before in your life…
Unless, of course, you’ve turned a $500 stock investment into over $600,000 before.
If so, you might have the chance to do it again…
And probably starting right around November 8.
That’s a truly exceptional situation – one nearly impossible for any investor to anticipate.
But no other market has shown an uncanny ability to deliver these kinds of gains.
And you aren’t going to want to wait another moment.
Ahead, I’m going to tell you about a catalyst that’s just been set off.
It could ignite the NEXT generation of insane weed windfalls before a single vote is cast during the November elections.
So you’re going to want to get into these tiny stocks now!
Okay, here’s a brief look at the previous generation of weed windfalls and their undeniable connection to weed legislation.
In March of 2016, Pennsylvania’s House of Representatives voted to become the 24th state to legalize medical marijuana.
The legislation didn’t just squeak through either.
It passed 149-46
Great point glbcpa1. Medical MJ is on the rise and i do see florida approving the use of medical MJ . I would love to see which companies are currently profitable in the field , with cash in hand and aggresivly growing , to buy and hold. Anyone know of any list that suggest possible medical Marijuana companies to buy?
I still am wary of the staying power of any marijuana company — it’s so early and I get a sense that there is no real brand in the space that’s meaningful, either on the medical or the recreational side. I do expect legal medical and recreational marijuana use to grow substantially, but as with cigarettes or alcohol or over the counter medications, I would assume that expansion will bring stiff competition and that long-term value would have to be created by differentiated products or brands that can build a loyal customer base through quality, distribution, consistency, packaging, whatever it is that matters to customers.
I can’t wrap my head around that, and so many of the ancillary marijuana investments seem so sketchy, so I haven’t invested in the sector — but there certainly have been booms in the speculative stocks already, regardless of any fundamental value, and that may happen again with more states voting for legalization.
Im much in favour of legalising cannabis; Ive NEVER heard of anyone who’s ‘stoned’ being aggressive or doing anything particularly disruptive (opposite of alcohol). But I really dont believe anyone’s gonna get rich by selling it. Many years ago I slung a handful of seeds out into my garden….the stuff grew like 7 foot tall weeds and I live in un sunny UK. Friends grow it hydroponically using a few L E D lights….so strong it blows your sock off. Before long, everyone will have a planter in their garage. Medicinal herbs maybe a different thing. But there will be soooooo many farmers planting this stuff that the price will be pennies a bushel.
$OWCP has been on a tear of late. This one is interesting to me because they are an Israeli company that is already doing some medical testing of their products. Comment on OWCP: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125882320 ——————-
$CVSI I think has a pile of cash.(From Ihub: has 6 times rev. of most other Mj + the most solid Balance sheet for a pot micro cap I have seen.the balance sheet much more solid than big board Companies. Definitely a good Pot stock if not the best to own tight. imO) ————————–
$MYDX is another play that has seen a lot of action. I’ve been watching this one for a while. ———————
Another guy recommended $UBQU: “UBQU for potential 300-600% gains in the next 2-3 weeks. UBQU has 1 mil in revenue and market cap of 1 million. But they have name change any day (waiting on FINRA).” And $TRTC for a safer play he says. ——————————-
Article on future market potential.
http://420meta.com/consumer-cbd-sales-could-reach-21-billion-by-2020-cannabisfn/ ———————————-
Some of these stocks – like OWCP – have seen 1,000% gains already. Maybe I’m an idiot, but I’m considering a short term(?) play in OWCP. ————————-
Someone a few posts below this recommended $MSRT. I know nothing about it.
Anyway, here are a few to do some research on.
23,000 lousy papers.
Judging by its price, GWPH seems to have succeeded in commercializing cannabinoid molecules as pharmaceutical products. Much as I would like to think GWPH stands for “Great Western Pot Harvest” :), it is based in Cambridge, UK, and probably uses pot grown locally in greenhouses. The recent Loma fire (about 30 miles south of where I live) destroyed 2000+ acres, and is suspected to have started in an illegal pot plantation.
Illegal pot plantations have sprung up like wild mushrooms in the surrounding hills during the last few years. I wouldn’t be surprised if one of these days smoke from a wild fire strongly smells of burning hemp!
What are the best pot stocks to invest in ?
mule1944, welcome to the Gummunity. 🙂
You may find these links informative: http://www.stockgumshoe.com/2016/03/microblog-420-investors/ and http://www.stockgumshoe.com/2014/11/first-steps-and-favorite-tools-for-new-investors/ Best2You ~Ben
I’m surprised that Amsterdam has a history to it as far as pot goes, there has been little going on as an outside source of product
It sounds that you would loose your life if you not bought this letter at 1900 a year. Gumshoe, as usual, put a bucket of cold water in your emotionally heated pants. Thank a lot!
Norway (by way of Sweden?). If you think I bot a $1900 news letter, that would be erroneous. I now depend on Gumshoe to pull the blinds back. He does a great job in those regards. That’s been my best investment.
Hey, It only costs $4.00 per month to be an “Irregular” and get the best information on biotech companies that is available anywhere in the world. No interest in CEMP; much better values available! — Curt .
CEMP was a top pick by CMLPro which has had a number of good recommendations (e.g., Relypsa before the big bump). That was at the end of last month and there was a tiny bump then but it has fallen way down since.
WRT marijuana stocks, Wolf of penny stocks (who I believe is a pump-and-dump artist) is pushing FUTL today, saying it’s just had an upgrade by barchart.
Thanks for your analysis. What do you think about selling a Nov18 $15 put currently at about $1 ? Around 33% downside protection with about a 6% payout in a month. The big news doesn’t come out until December.
I can’t comment on the prospects for CEMP, but the likelihood that solithromycin will soar is not high. Standard treatment for community acquired bacterial pneumonia is a macrolide, such as erythromycin, clarithromycin, azithromycin. These work well, except when the pathogen is resistant. Docs will tend to hold back solithromycin (which is also a macrolide) unless they have good reason to believe the bug is resistant, or in patients who are especially vulnerable. I’m dubious that many physicians will use solithromycin first-line right off the bat.
Michael, do you have any info on the ototoxicity of this new ‘mycin? I already have serious inner-ear damage and dread the prospect of one day having to accept the probability of losing much of the rest of my hearing as the price for surviving pneumonia thanks to macrolide drugs.
Dave, I don’t think there are any data as yet on solithromycin’s effects on hearing. Those reports may take some time to trickle in. But if you should happen to contract pneumonia, you don’t necessarily have to take a macrolide. The ciprofloxacin-related antibiotics work quite well. Good luck! Best, MJ
Macrolides are not ototoxic. The only antibiotic you need to fear is the aminoglycoside class. All tempest in a teapot because first line therapy for community acquired pneumonia is ampicillin. Fluoroquinolones such as ciprofloxacin are never recommended early in the course of anything because of their substantial connective tissue damage capability as well as a large host of other side effects, including neurologic. The FDA has formally asked MD’s to back off on prescribing fluoroquinolones, and that request was about 10 years overdue, in my opinion.
Why would anyone want to cure the’ old peoples friend’. As others have said, the loss of a companion alone is a mortal wound…..who wants to be kept alive by a misery drug till theyre 150?. Trust in the Lord and move on to a better place. Have faith.
Being the “old man’s friend” doesn’t mean you’re not the bitter and unwelcome visitor to a younger or healthier man or woman, or a child.
Indeed…a friend of mine in his late 40’s managed to survive it mainly because he was physically fit (or so said the doc).
Some of us have lives worth living w/ nary a shred of religious faith and we’d very much appreciate being rescued from pneumonia by an effective drug. Every year alive is precious. ‘Til 150? No drug will ever do that.
Agree partly, especially re aminoglycosides. Macrolide ototoxicity is generally short term. Macrolides are considered first-line therapy for CAP, along with some beta-lactams. The comparator drug in the solithromycin trials was often moxifloxacin, a fluoroquinolone; fluoroquinolones are usually effective vs. CAP. But Dave should definitely get the pneumococcus vaccination.
Company operating cash burn $42mm 1H16 vs $37mm 1H15, $88mm in 2015 vs $49mm in 2014 vs $33mm in 2013. $140mm net proceeds from sale of stock 1H16 vs $139mm during 1H15. 50.7mm shares as of 6/30/16 vs 44.0 year end 2015, a bit over 15% dilution. Not sure what mgmt projects for 2H16 and 2017 cash burn. $251mm cash as of 6/30/16 vs $154mm year end 2015
MSRT marijuana on the rise..
MSRT is on the rise and has now international connections
Anybody know what company James Stafford of Oilprice.com is taunting that supposedly has used a super crystal to provide more solar energy than silicon?
CGRW up 300% in 5 days! It’s all happening in Canada right now.
Actually, CGRW CannaGrow is located in Colorado, according to my quick search. I think the “Canna” part actually means “cannabis” and not “Canada”.
Not listed up here on our beloved Toronto Stock Exchange at all.
I wish it were otherwise.
Micheal Robinson, Nova-X Report, recommended it CGRW on sept. 6, at about $1 plus.
I sure would like to find a small company stock that’s ready to make a lot of people real money. It seems that when we find them they already have had their growth spert. Anybody seen what XGTI is doing? That stock is driving me crazy with it’s major unpredictability. But I guess if you don’t try you will never succeed. Chock it up experience and move on. John Gregory
No, JohnG….taking a punt is NOT the way to make money anymore than buying a lottery ticket. Biotech is the MOST volatile sector. The aim of KSS’s SG subscription biotech threads, is to narrow the field. If youre not already a subscriber….take a $49 punt somewhere where you have a fighting chance.
GL
Sorry…make that $59…Travis is buying a new house 🙂
Becoming an Irregular member is the BEST investment EVER made, imho. ~ Ben
Sounds more like Eravacycline made by Tetraphase (NASDAQ: TTPH)
http://www.businesswire.com/news/home/20130715005237/en/FDA-Grants-QIDP-Designation-Eravacycline-Tetraphase%E2%80%99s-Lead
No, there are a couple dozen antibiotics with QIDP — the other clues are the key.
Sounds like that miracle drug from Portola Pharmaceuticals a couple of months back. A miracle for stopping bleeding from patients on blood thinners. That turned into a FDA wait and see. Think I will wait and see on this one as well.
I think you mean this : http://content.equisolve.net/archtherapeutics/media/c6dc3c52a4e0458fae43779086460ea0.pdf
I sold EARS even 10/17/2016. Today 10/18/2016. It was up 25% so something may have happened.
FDA highlights liver safety issues in Cempra drug review:
http://www.reuters.com/article/us-cempra-antibiotic-fda-idUSKBN12X1HW
Yep, the actual meeting hasn’t happened yet and they’re still running this ad like crazy (I’ve gotten dozens of questions about it just today), and none of the ads mention today’s crazy price action… but the stock is now down something like 60% on fears that the AdComm meeting will be starting with a cloud over Cempra’s head. I have no idea how the meeting will go, of course.
And now, with the stock halted for the AdComm meeting — perhaps with no trading for the full day, since the meeting is scheduled to run until 5 — this stock that was a billion-dollar darling two weeks ago is now a $300 million bundle of nerves.
oopsie! a mere 60% drop. gotta have some ticked off folks with this one on the tails of the EARS disaster :-\
Gosh, I’m starting to think that maybe he can’t predict the future 😉
I think you may have the company wrong on the biotechnology stock. Not CEMP. My research has it as another company, earnings came out yesterday
If you’ve got another antibiotic developer that matches all the clues, let us know — I don’t think there is one.
yes its CEMP FDA is currently deciding on status of status of their drug applications 209006 and 209007, solithromycin capsules and solithromycin for injection as far as if its effective and safe.