Yeah, that was good news! Valeant is soaring after Walgreens gave the company a huge vote of confidence
One of the factors is a drug they bought from PGNX, Relistor, is expected to get PDUFA on the 19th for oral version. People are throwing about $1B sales figures. Of course they would, since Salix said it would generate that before VRX bought out Salix.
The hardest trades to stay in is a winning trade. Many investors lost money while many cut their gains early. It was a real win yesterday!
Already up like this early in Pre-Market, going to be an amazing day for the longs that held. And this is 1 of 3 events in near future.
Good news continue to come for VRX. First FDA Advisory committee recommended approval of Brodalumab in November Then after hours FDA approved Relistor... "Valeant and Progenics Announce FDA Approves RELISTOR® Tablets for the Treatment of Opioid-Induced Constipation in Adults with Chronic Non-cancer Pain" http://ir.valeant.com/news-releases/2016 Also, as a side note they have one more drug that has PDUFA date on Thursday... --------------------------- Surprisingly, it still doesn't seem to be moving much, got stuck at $24... News came 2 hours after the close so maybe once the volume comes tomorrow, it might finally break $24.
This week’s results validates the whole pipeline...now stabilize current business , attend debt and this is going much much higher.
$VRX Will need to resubmit NDA so although the drug works there's going to be a delay in Vesneo getting approved unfortunately
Making a prediction here the fed will lower rates before they raise the greenback is too damn strong hurting the energy sector now.
19% VRX $26.75 Missed on revenue and EPS but still $$$$$$ They kept their guidance which was a key to this squeeze which will help them to avoid a bust on debt covenants. I think they will be able to restructure debt too if necessary. Pipeline is good, they just got approved for another drug and got a CRL for another one which shouldnt be a big problem. It was due to a similar manufacturing issue that OPK had previously for Rayaldee. Still trading at 3 forward P/E as if it will go BK, so any news that will prove otherwise help it to squeeze shorts even more.
Stocks like these that are heavily shorted and close this strong only bring more buys the next couple days - I'm going long here
Valeant Under Criminal Investigation Federal prosecutors probe whether drugmaker defrauded insurers by shrouding ties to mail-order pharmacy Federal prosecutors are investigating whether Valeant Pharmaceuticals International Inc. defrauded insurers by shrouding its ties to a mail-order pharmacy that boosted sales of its drugs, people familiar with the matter said. The lawyers, in the U.S. attorney’s office in Manhattan, are pursuing an unusual legal theory, previously unreported, that Valeant and a closely linked mail-order-pharmacy, Philidor Rx Services LLC, allegedly defrauded insurers by hiding their close relationship, the people familiar with the matter said. Read more: http://www.wsj.com/articles/valeant-under-criminal-investigation-1470868752
Stock every wise guy is shorting like it's a coal stock from 2014 runs on ER and boom the BS starts again , what timing the Casino has.
Still above 50dma so bulls can fight back here and continue recent bullish resurgence and the chance that to happen is high.
Positioned for a run to $30 , market is full mode bullish retard and this name needs to get on with the plan. And it will....
