It looks like there is an upward swing today AM, I do not see any news yet. On Google discussion board I am seeing something about approval so hold tight. Some of the rumors on Google board are not reliable either.
DSCO has multiple drugs and Surfaxin was there for a while for getting approved. But the FDA has new regulations that DSCO has to meet inorder to get the Surfaxin approved. DSCO has done all the test to get it approved. The drug in general has been approved but FDA wants additional tests to be done for the shelf life.
The problem with some of these stocks is the only way to support their self's is to keep putting shares on the market.
Of course FDA news is a big plus to any that is in this a low level. But to spend a couple of thousands and watch it as it is declining is not being a smart trader.
Most trades are $10 to exit and that is a lot cheaper then loseing a couple of hundred.
Discovery Labs Schedules Conference Call and Webcast
WARRINGTON, Pa., July 23, 2009 (GLOBE NEWSWIRE) -- Discovery Laboratories, Inc. (NasdaqSCO) will be hosting a conference call on Wednesday, July 29, 2009 at 10:00 AM EDT. Management will provide an update on business activities as well as financial results for the second quarter of 2009.