Orphan Drug Catalyst on Tap For DARA

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By Scott Matusow, @scottmatusow   
Tuesday, 19 February 2013 06:52

icon_SectorWatchDARA Biosciences (NASDAQ: DARA), a specialty pharmaceutical company focused on oncology and cialis en mexico oncology supportive care products, is expecting to hear soon on the buy tadalafil online status of its Orphan Drug application submitted to The Food and cialis brand Drug Administration

(FDA) in November of last year for its drug KRN5500, which is being studied for the buying viagra with no prescription treatment of chronic chemotherapy-induced peripheral neuropathy (CCIPN).

KRN5500 is a novel, spicamycin-derived, non-opioid-non-narcotic intravenous pain therapeutic with promising clinical trial results in patients with chemotherapy-induced peripheral neuropathy (CIPN)

More than 70% of patients treated with taxane-class or platinum-class chemotherapeutic agents; at least 25% of those treated with vinca-class agents; and significant numbers of those treated with Thalomid®, Revlimid®, Velcade®, and a variety of other cancer drugs experience CIPN, which can be disabling and cheap cialis online adversely affect quality of life.

There is presently no FDA-approved drug for CIPN.

In October, 2011, the U.S. FDA granted KRN-5500 Fast Track designation for CIPN, an indication with a market potential estimated at $2.5B.

Summary of Phase 2a clinical trial results:

  • Patients had failed on at least two previous pain therapeutics
  • KRN5500 met primary endpoints: reduction of pain and safety
  • Significantly more effective than placebo (p=0.03)
  • Transient and manageable GI side effects

The stock is trading in a manner that hints at positive news concerning the buying viagra online cheap us Orphan Drug status application.

The above chart is forming a cup and cialis samples handle breakout pattern with resistance at $1.20. Once past this level, the near term price target indicates a test of the zithromax online overnight prior high of $1.38. Measuring the cup and handle break indicates a move over $2 in the coming months. I predicted a move to $0.98 on my live online show as a good entry point before beginning to break out -- The price hit $0.97, and then began to move back upwards. I am setting a price target opinion of $1.35 to $1.45 for the short term.

Disclosure: Author Scott Matusow is Long DARA.

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

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