Monday, March 4, 2013

DEPO Denied

The FDA panel, in a 13-to-1 vote, overwhelmingly ruled against Depomed's drug, saying clinical data failed to show the product was effective. Then the panel, in a 12-to-2 vote, ruled the overall risk-benefit profile wasn't acceptable to support marketing of the product. The panel, which is made up of non-FDA medical experts, will vote on Hisamitsu's drug later Monday.

Looking for a quick short and a little bounce at the open

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