Friday, February 25, 2011

Protalix (PLX) - failed attempt to get past FDA's stringent eyes

~~~ UPDATE:  FDA rejects Protalix's Uplyso (taliglucerase alfa) ~~~

Protalix (PLX) announced today that the company has received a CRL (complete response letter) from the US drug regulator, which requested additional data from the switch-over trial and extended follow-up study.  PLX shares dove down 25% in morning trading.  However, those who purchased Mar $12.5 put options are enjoying their 50% profit on Ulypso's refusal.  


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