Acura Investors: Why Shares Popped 70%
Dec 10th 2012 6:43PM
Updated Dec 11th 2012 1:12PM
As the Food and Drug Administration puts increasing amounts of pressure on pharmaceutical companies to release abuse-resistant varieties of their high-abuse-risk drugs, Acura has done just that, and shares are soaring as a result. This is Acura's second abuse-resistant drug, but unlike Oxecta -- its version of oxycodone that is resistant to being crushed up and on which the company receives only milestones and royalties -- its new drug, Nexafed, which is an abuse-resistant form of Sudafed that prevents users from synthesizing methamphetamine from the drug, is wholly owned by Acura and should be even bigger for the company than Oxecta. The company is still down 30% from where it was at the beginning of 2012, but it is profitable and has no debt, which makes it an interesting company to keep an eye on.
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The article Acura Investors: Why Shares Popped 70% originally appeared on Fool.com.David Williamson owns shares of Pfizer. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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