Insider Tip: Biodelivery Sciences Chairman Owns Accentia Biopharmaceutical 2 comments
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Biodelivery Sciences International (BDSI) announced Wednesay that they received a commercial partnership for their Bema Fetanyl drug candidate with Meda AB, which could add up to $90 million in payments for BDSI. This proves very rewarding for shareholders of BDSI, including the Chairman, Dr. Frank O'Donnel, who purchased 400,000 shares last January $2.68.00 per share, along with an additional 400,000 at $2.68, shares though his 100% owned VC firm Hopkins Capital Group.
Recently, Dr. O'Donnel purchased 875,000 shares of Accentia Biopharmaceuticals (ABPI) at $8.87.00 per share. The current market price is $2.20.00. Accentia Biopharmaceuticals recently provided interim blinded data on the ongoing clinical trial of Sinunase which showed that 50% of the people in the trial are responding positively.
We just don't know if it's the drug or the placebo. From what I understand, in order to participate in the trial one had to have failed surgery, antibiotics, and two weeks of saline irrigation. It is a 50/50 trial in which half are getting the drug and the other half a placebo. If they prove it works it will be a windfall for Accentia shareholders with a potential market of over $2 billion dollars. Dr. O'Donnel purchased the shares recently at a 400% premium to the current market price.
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This article has 2 comments:
this is an exciting mixture of drugs, companies, brilliance and expertise and to see what comes out of it should be interesting
Staples
check out the website for a different view, sort of!
On Aug 18 10:31 AM mr. ouch wrote:
> It is about time in my opinion that the Hopkins group in a non direct
> way, even though of all the acquisition's it has, Accentia is the
> one started, built and designed by the Hopkins Group themselves.
> to see also the need for another quick form of Fentanyl realized
> other than the 'lollipop' is well needed and not so well documented
> or I believe known outside of the companies involved, want to be
> involves or certain people who I know are long awaiting for alternative
> forms of Fentanyl infusion into the body, either really quick or
> real moderate. The FDA recently having problems with 2 or 3 of the
> reservoir type patches, leaving only one type generic left. Which
> too me and I am in the 50% on this don't believe it'd effectiveness
> equals the reservoir type, which is still not that wonderful.
>
>
> this is an exciting mixture of drugs, companies, brilliance and expertise
> and to see what comes out of it should be interesting
>
> Staples
>
>
> check out the website for a different view, sort of!