Chemistfrog
Long only, growth, momentum, contrarian

Idera Phase 2 Data Provides For Exciting Q4 2013 And Q1 2014

Idera Pharmaceuticals (NASDAQ:IDRA) announced on June 5th that it had initiated enrollment in a Phase 2 trial of IMO-8400, one of its lead drug candidates, for patients with mild to severe plaque psoriasis. The announcement was a bit more significant than many investors were aware of apparently, as there was little share price or volume response with only 127,250 shares changing hands that day. Buried in the announcement was the phrase announcing "Data from the Phase 1 study will be presented at a scientific meeting in June 2013." The data was indeed presented in June and subsequently announced on July 1st via a corporate press release. The data were promising in the single...

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