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Thank you... :))
What a Fluckin score here...Drinks are on me... Lets go to AC and celebrate YeeeeeHawwwwww
yep...that's nice...
ITS A BUYOUT BABY!!!! Yahooooooooooooooo what a way to start the New Year....Yiiipppeeeeeee
Were moving higher on CEO statements about moving forward in 2009
things are looking much better for resubmission of NEDIBO to the FDA.Also theyare sitting on 131 Mil in cash and marketable securities.
IMHO I think in 2009 NEDIBO gets FDA approval and the shares soar to $10.00 after that a major Pharmaceutical Company buys IDEV or makes a major investment in it.
Best of luck to you and all that had the guts to hold.
Indevus Puts New Acromegaly Treatment Head-to-Head with Novartis Treatment in Phase 3 Trial
Ryan McBride
9/30/08
Indevus Pharmaceuticals, a Lexington, MA, maker of specialty drugs, says it has launched a Phase 3 clinical trial of an implant designed to provide long-term treatment of patients with acromegaly, a rare and potentially life-threatening condition caused by the overproduction of growth hormone. The company (NASDAQ:IDEV) plans to use its patented “hydron polymer technology” in the implant to outlast Sandostatin LAR injections, the leading current treatment for acromegaly marketed by Switzerland’s Novartis (NYSE:NVS)—pitting the local biotech firm against a global drug giant.
The Indevus implant is inserted under the skin of a patient’s arm at their doctor’s office and is designed to release octreotide—which is a synthetic peptide designed to replicate the growth-hormone-suppressing properties of a natural hormone—for six months. (Indevus already markets to two treatments—Vantas for advanced prostate cancer and Supprelin for early onset of puberty—that use the same polymer technology to allow for this kind of extended release of the drug.) Sandostatin injections also deliver the octreotide peptide, but must be repeated every month.
In the randomized Phase 3 trial, Indevus plans to recruit 140 patients in the U.S. and Europe to, treat them with either octreotide implants or Sandostatin injections, and compare how well the two treatments suppress growth hormone and insulin-like growth factor. Depending on the results of the trial, Indevus says it may be able to launch the implant by early 2011.
It’s unclear what impact the octreotide implant would have on Novartis, which has managed to stave off competition from generic alternatives to Sandostatin, which had 2007 sales of $1.027 billion out of a market of $1.2 billion for such drugs. “This product represents a large commercial opportunity for the company,” says Glenn Cooper, CEO of Indevus, in a statement. He notes that the company plans to begin a Phase 2 trial of the octreotide implant to treat carcinoid syndrome, which is caused when carcinoid tumors secrete such natural chemicals as serotonin into the bloodstream, in early 2009.
Breaking into a well-trodden market with a longer-acting version of an existing drug has brought mixed results for some biotechs. For example, Cambridge, MA-based Alkermes (NASDAQ:ALKS) has seen slow sales of Vivitrol, a once-per-month injection based on generic drug naltrexone to treat alcohol dependence, which is about 10 times as expensive as generic naltrexone and difficult to get reimbursed by health insurers.
http://www.xconomy.com/boston/2008/09/30/indevus-puts-new-acromegaly-treatment-head-to-head-with-novartis-treatment-in-phase-3-trial/
nice, i got in around same time @1.79 and was very excited to see all of the news when i rolled out of bed this am.
Hey drugtester, same here however I did bail out of what I bought
@ $1.19 when I had been buying all the way down last spring. Holding the balance for final FDA results. GLTY, stay in touch and
GO IDEV
Hey Stormy...IDEV...you bet!...Still have all my shares purchased in June @ $1.80.
Congrats!
Up 100% to $3.44 on huge news! Hope you held.
killed me had calls but alas no go in the timeframe i had looking for an entry though long term
folks what is your average? trading it or long? what is a fair value to get in?
tia
GLLs
Yes nice and steady in the $2.20 - $2.30 range. The earnings still look healthy. Holding for long term.
Good to see the pps @ 2.22. Been waiting since mid June for this pop...."+)
Nice close today and about time its over $2.00 been waiting for months. Good feeling about the future.
nice news on patent yesterday after close :D
I forgot to mention SQNM....given to me by laurap...find her at
white lightening.....best TA board on Ihub IMO
I used to own them when they were IPIC....made a killing on the
run from 5 to 50 before the dex recall...now its GERN and COR for me....INGN and TGEN for wild speculation
Yep...wait and see game now...I suspect it will churn slowly up until the next news cycle...
Hey techno! any opinion as to trade ideas?
tia
IDEV - Day 2 post Meeting looking a little better...decent volume to spikes in price RSI is actually back over 30 still waaaay over sold but with life...11 DMA first to fall....bronze crossover with the 20 next week...would be nice..
did not end to well though....not sure what folks were expecting but the FDA was not going to say ops we made a mistake...We still may see some churn but slightly to upside...
Make the entire world your Oyster
Boxing - Resurrected ... #board-10274
Let's Talk Basketball .. #board-31
You called it! Shares responding on very favorable news!
IDEV - techs looking up...But that date with the FDA looms large...
yes i agree it will go one way or the other this week we shall see :)
Same here...need to get on the other side of Friday...If it goes up in anticipation of that FDA meeting there may have been a leak...If it goes down same thing...The uncertainty is likely to keep the price in a narrow horizontal band though.. JMHO
I agree :) hope to see some uptrend this week
Fedex11, I still have the stock on my watch list. I kicked myself for holding though it broke through the base of the 15 minute rising trend channel I had previously posted. When it broke south out of the last pennant I posted then I had no choice but to lock in what profit I had left. I still have it on watch, the stock has a lot of potential if timed right.
Brad
got to get rid of the shorters and hedgies holding us back :(
dont leaveeeeeeee
IDEV - basing for its next move up depending on the FDA meeting on the 27th...Probably some leaks may tip its direction...Gambling on calls..
Another way to look at it is the stock price acted very well today relative to the market and the biotech sector. Today was a pretty brutal day in the overall market you know. I think you guys got it right. The stock is way oversold, undervalued, and will move up. It's no time to give up on a stock showing short term relative strength in a big down market.
Have a good one. All, IMHO of course.
Al
Brad, I can't agree with you more on that statement. Thought the very same as you. I have decided to hold and wait this out to a finanl verdict.
Regards
Joe
It was a sad play, I thought it had all the right ingredients to really take off but some large institution or large holder has come in and impatiently bid whacked the heck out of it. Still a good play for a rise to $2.50 to $3 but not as quick as I thought it would be.
Brad
I am not sure the charts tell the complete story here Folks simply are not quick to hold profits so soon based on what happened here...Also there is a meeting scheduled for the 27th with the FDA, I dont think folks will rush in knowing that single point failure/questionable success date looms so close ahead...I was hoping to be wrong with the move up but this stall may be based on that....
T
lol... Yeah looking pretty ugly from here, had one more chance to redeem itself today but chose to go the other way. Problem with a wedge is a stock can go either way.
Brad
nothing to say...IDEV is not ready to run yet...
Didn't see that coming but on the positive side it should clean out the cobwebs. Perhaps what we just saw was the last flush of shares by the institution who has had this stock capped off the last couple days???
Brad
The info and DD I provide is accurate and factual to the best of my knowledge but still I am human and you should always do your own DD.
Benjamin Franklin once said -
"I am a strong believer in luck and I find the harder I work the more I have of it."
15 Minute Chart -
The info and DD I provide is accurate and factual to the best of my knowledge but still I am human and you should always do your own DD.
Benjamin Franklin once said -
"I am a strong believer in luck and I find the harder I work the more I have of it."
Here are a couple Pennant Charts to look at -
Just making an educated guess, I am going to say the next pop on this stock will take place between 10:00 AM EST and 11:00 AM EST Thursday morning. Could happen just a little earlier than that but that particular time range is most likely.
Daily Chart -
15 Minute Chart -
rofl good morning Jimmy
We up! Thats whaddup! weeeeeeeeeeeee!
I get it with Alphatrade.
I am surprised etrade does not show that...One day I'll complain...thanx...GL...Off to see the game..
Looks roughly like about 8,000 shares traded. Look like it traded down to $1.72 then recovered back to $1.83.
Brad
Any way to see how many shares after hours..? Read on the Yahoo board it was only 1K..; I am thinking we may see green regardless...
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