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ISTA - PDUFA Date of 10/16/10 Rapidly Approaching
publication date: Oct 14, 2010
While many traders have been chasing plays such as ARNA, VVUS, and BIOD, there has been one stock that has slowly but steadily been climbing in value. This under the radar stock is ISTA, which has gained over 100% during its run-up over the past 3 months. Just take a look at the chart:
For full details on ISTA- (the company, financial history, product, market, and chart) click HERE to download its Bio-Analysis ( LINK ).
ISTA's PDUFA date is Saturday October 16th. This likely means that we will hear the FDA's decision after hours on Monday 10/18. The FDA has been surprisingly on time lately, with the exception of QCOR. Currently we do not hold a position in ISTA, and as always, we would not hold through the weekend and through the PDUFA. It seems that the general consensus is that XiDay (which is a once a day dosing of an already approved drug) will be approved by the FDA, but remember, anything can happen.
For those that have held ISTA through the past 3 months- congratulations on your gains.