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  • Stock Pick for Wednesday - SLXP - Salix Pharmaceuticals Ltd.

    Biotech stocks
    23rd February, 2010
    Hot Stock For Today  SLXP
    [ Salix Pharmaceuticals Ltd.]

    Dear Traders,


    Hot stock to watch on Wednesday 02/24/2010 is SLXP [Salix Pharmaceuticals Ltd.]
    Salix Pharmaceuticals has recently got approval for its drug XIFAXAN (rifaximin) for the maintenance of remission of Hepatic encephalopathy (HE).
    FDA has provided March 24th as the action date for hte decision. Salix believes that it will get exclusive rights for XIFAXAN in US for atleast 7 years once it gets approved.

    This stock seems to be moving high in the After Hours. Our aim is to get it at the lowest possible price thiw week so that we can take advantage of the spike which will occur after each positive news now onwards till March 24. Try to get a nice deal tomorrow pre market or decide further after doing proper research on the company. Try to avoid pumped stocks.

    Also take full advantage of all the resources on this website. You will find them useful. Do sign up for email alerts from the top right of the page if you haven't doneit already.

    News
    U.S. FDA Panel Backs New Use For Salix Pharmaceuticals' Xifaxan
    Salix Pharmaceuticals, Ltd. announced that the Gastrointestinal Drugs Advisory Committee of the FDA has recommended by a vote of 14 to 4 in favor of the approval of XIFAXAN (rifaximin) Tablets, 550 mg for the maintenance of remission of hepatic encephalopathy (HE). The committee reviewed data from the Company's 299-subject, double-blind, placebo-controlled, multinational, Phase 3 study. This study demonstrated a statistically significant and clinically meaningful reduction in the risk of recurrent overt HE.
    Source : Reuters

    About Salix Pharmaceuticals
    Salix Pharmaceuticals, Ltd. is a specialty pharmaceutical company focuses on acquiring, developing and commercializing prescription drugs used in the treatment of a range of gastrointestinal diseases, which are those affecting the digestive tract. As of December 31, 2008, the Company’s products were XIFAXAN (rifaximin) Tablets 200 milligram; MOVIPREP; OSMOPREP, VISICOL Tablets, AZASAN Azathioprine Tablets, USP, 75/100 milligram; ANUSOL-HC 2.5% (Hydrocortisone Cream, USP), ANUSOL-HC 25 milligram Suppository (Hydrocortisone Acetate) and more

    We are here to make Money and we will succeed.

    God Bless,
    Be Rich.

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1 comments:

  1. Anonymous says:

    Hi,
    i always like your picks and i am a great follower of your blog.
    I just want to make a request. I want to contact you personally. my email address is stocktrade@hotmail.com.
    Thanks

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