If the biotech market was flat or down, traders wouldn't likely be hyping relatively insignificant catalysts like FDA drug review acceptance letters. But biotech stocks are soaring so paying attention to these new trading opportunities is important if you want to stay ahead of the bull market.
It is worth noting the more traditional FDA trading catalysts for both companies. The FDA drug approval decision for AP Pharma's APF530 will be March 28, 2013, assuming the filing is accepted for a six-month review. For Delcath's ChemoSat, the FDA drug approval decision will be either Feb. 15, 2013 (assuming priority, six-month review) or June 15, 2013 (assuming a standard review.)
Messier has no position in AP Pharma or Delcath.
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