Joe McCann
Long/short equity, growth, medium-term horizon

Despite The Sell-Off, Zohydro Is A Falling Knife Too Dangerous To Catch

In my first Seeking Alpha article about Zogenix (NASDAQ:ZGNX), I outlined a potential pathway and precedent for the FDA to withdraw the marketing approval for Zogenix's Zohydro. For a full discussion of how I was not advocating for the drug's life in either direction you can check the comments, however; the point was purely that the FDA removed Oxycontin from the market to replace it with an abuse deterrent version. I was pointing out that the agency could do that again.

Over the past few months the FDA has come out and made a rather unprecedented, in my opinion, public effort to affirm their approval decision. FDA Commissioner Margaret Hamburg has blogged about her views on the drug...

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