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Cephalon Holders Take Flight

Stock quotes in this article: CEPH , ALKS , JNJ  

Frank Baldino Jr.'s optimism aside, Cephalon's(CEPH Quote) shareholders weren't in a very forgiving mood Thursday.

Though the chairman and CEO of Cephalon says 2007 will be a "growth year" and that his company will enjoy "significant earnings growth in the next several years ahead," investors were concerned with a more immediate matter.

After the close of trading Wednesday, Cephalon said the Food and Drug Administration rejected its proposed treatment for attention deficit hyperactivity disorder, a drug called Sparlon. Cephalon said it will no longer seek approval for the drug. ...

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