FDA Green Light = Surprise Share Surge
May 20th 2013 8:10PM
Updated May 20th 2013 11:15PM
Shares of Peregrine Pharmaceuticals soared up to 33% intraday before closing with a still impressive 19% gain, thanks to the announcement that the FDA green-lit bavituximab's phase 3 non-small-cell lung cancer trial.
In this video, health-care analyst David Williamson discusses whether the FDA decision justified this type of bullish enthusiasm and whether Peregrine is doing right by investors in starting this trial, given bavituximab's phase 2 troubles.
Another topic health-care investors need to keep up on is Obamacare, as the law will undoubtedly have far-reaching effects. The Motley Fool's new free report, "Everything You Need to Know About Obamacare," lets you know how your health insurance, your taxes, and your portfolio will be affected. Click here to read more.
Follow David on Twitter: @MotleyDavid.
The article FDA Green Light = Surprise Share Surge originally appeared on Fool.com.David Williamson has no position in any stocks mentioned. Follow David on Twitter: @MotleyDavid. The Motley Fool has no position in any of the stocks mentioned. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.