Monday, March 11, 2013

ZGNX Rejection coming

The Advisory Panel vote was an 11-2 AGAINST approval. The FDA will give a CRL for sure. The FDA is looking for products that have a delivery system that prevents abuse. They just had a special meeting on abuse of sustained release products and the consensus was that not enough was being done to prevent abuse. The decision to delay was made so they could formulate a CRL letter that is consistent with the findings of the meeting. If you are in this stock, you better get out before it goes back to 75 cents. I shorted another 5000 shares  at $1.95 today.

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