ZGNX

Zogenix (ZGNX) You'll want to mark March 1st on your calendar.That is zogenix pdufa date.That's the day the U.S. Food and Drug Administration is going to be passing down a decision in the company's Zohydro ER drug.The drug is just another version of hydrocone but in a extended release format.Which is good for stopping the abuse of pain killers.But the bad news is, the advisory panel that makes a recommendation to the FDA regarding new drug requests has recommended - by a margin of 11 to 2 - that the agency NOT approve Zohydro ER.This is why I have taken a short position in ZGNX.I will probably cover half  of my shares before mar 1 just to be on the safe side.And hold my free shares through the decision on mar 1.