Insider increases his stake in Neurocrine

Print E-mail
By M.E.Garza   
Friday, 14 October 2011 00:00
FDA CalendarSmart money is betting on Neurocrine Biosciences (Nasdaq: NBIX) and shares are on the cheap cialis without prescription move as investors take notice.

Earlier in the ordering cialis gel week, there was a substantial insider buy  placed by Mark N. Lampert  of the cialis soft tablets BioTechnology Value Fund, LP and his buying activity put shares on the higher end of the tight trading range that had been in play for NBIX shares since August. 

Shares of NBIX closed at $6.42+0.39 (up 6.47%) on Thursday after we told our premium subscribers that continued volume might push the viagra for sale stock higher. As it stands, shares broke out of their trading range after closing above the 50-day moving average on Wednesday. In addtion, Roberto Pedone of StockPickr published his own article on Thursday afternoon pointing to the potential upside for NBIX at these levels. From a technical analysis standpoint, the stock is not set to run into considerable resistance until the $7.85 mark.



Shares are still trading at a -30.97 % discount from their 52-Wk High ($ 9.30) with 76.30% of the company's shares owned by institutions.

Neurocrine Biosciences Inc is focused on the development and us discount viagra overnight delivery commercialization of innovative pharmaceutical products to treat unmet medical needs. The firm's research and cialis online pharmacy development efforts are focused on neurological and buy viagra pills endocrine diseases and disorders. Its product candidates address some of the largest pharmaceutical markets including endometriosis, anxiety, depression, pain, diabetes, benign prostatic hyperplasis (BPH), irritable bowel syndrome (IBS) and other neurological and endocrine related diseases and cialis buy online disorders.

Neurocrine's product pipeline includes: GnRH Antagonist, a peptide that stimulates the secretion of the pituitary hormones indicated for the treatment of endocrine related conditions such as endometriosis, uterine fibroids, benign prostatic hyperplasia and oncology indications; NBI-98854 - Vesicular Monoamine Transporter 2 Inhibitor (VMAT2), a protein concentrated in the human brain indicated for the management of hyperkinetic movement disorders in patients suffering from Tardive Dyskinesia, Huntington's disease and discount viagra Schizophrenia; Urocortin 2 indicated for the treatment of Congestive Heart Failure (CHF); etc.

On Tuesday Oct 4th, Neurocrine announced that it had received a $20 million milestone payment from development partner Abbott Laboratories for the gynecological drug candidate elagolix. The companies are developing elagolix as a treatment for pain associated with endometriosis, a condition in which a tissue similar to the uterine lining is found outside of the uterus, such as on the ovaries. The condition can cause pelvic pain and which is better viagra or cialis infertility. Neurocrine said it has received $30 million in milestone payments in the third quarter.

A look at the BioMedReports FDA Calendar and Worldwide Regulatory Tracker shows that Neurocrine is anticipating Elagolix Phase III trials for endometriosis which are planned to start "in the fourth quarter of 2011." That entry on the calendar was sourced from a company press release dated May 3rd, 2011. There is an additional catalyst pending for the company which is scheduled for Q1 of 2012.

If you're the type who likes to follow insider money into trades, then you should know that Biotechnology Value Fund Partners LP (BVF Partners LP) is a private investment partnership founded in 1993 by President and cheap viagra online Portfolio Manager Mark Lampert. Lampert was once Vice President at Oppenheimer & Co. where he created various biotechnology investment vehicles. Mr. Lampert also founded Biotechnology Royalty Corp, which pooled university patent royalties, prior to joining Oppenheimer. The firm manages the Biotechnology Value Fund which pursues activist investment strategies in biotechnology equities.

Disclosure: None





BiomedReports is not paid or compensated to report news and developments about publicly traded companies. Full disclosure can be read in the About Us Section

Add this page to your favorite Social Bookmarking websites
Digg! Reddit! Del.icio.us! Mixx! Google! Live! Facebook! Technorati! StumbleUpon! MySpace! Yahoo!

blog comments powered by Disqus
 
BioMedReports Tight blood sugar control doesn't prevent strokes in diabetics http://t.co/LnOYmPJrb7
BioMedReports Healthcare Review: Cerner Corporation, PharMerica Corporation, Aratana Therapeutics, Novartis, Horizon Pharma:... http://t.co/eMjdl6x76n
BioMedReports Vivus's ED Drug Marketing Approved; Auxilium Pharma Reports XIAFLEX Data from Multicord: Below is a look at so... http://t.co/Y27UqYyxD0
navigation
Benzinga.com supporter Seeking Alpha Certified