A.J. Watkinson's  Instablog

A.J. Watkinson
Send Message
A.J cut his teeth while working for more than 12 years on the corporate side of the financial services industry in the suburbs of New York City. In addition, A.J. has successfully traded stocks, options and currencies as an independent trader since the late 90's. Eventually A.J. moved out of... More
My company:
Penny Stock Reporting
My blog:
Penny Stock Reporting
My book:
Penny Stocks To Watch
  • DARA- Penny Stocks To Watch 0 comments
    Feb 26, 2014 1:26 AM | about stocks: MTP

    Sometimes the best investments are penny stocks you've never heard of. And I'd be willing to bet there are quite a few under your radar- given the literally thousands upon thousands of penny stocks to buy!

    We're focusing on a penny stock to watch called DARA Bioscience (DARA)…

    DARA is an oncology-related pharmaceutical company working to provide healthcare professionals a synergistic portfolio of medicines to help cancer patients adhere to their therapy and manage side effects arising from their cancer treatments.

    The stock saw a nice pop yesterday of more than 23%!

    So why the big move?

    Dara Bioscience just announced the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation to KRN5500 for the parenteral treatment of painful, chronic, chemotherapy-induced peripheral neuropathy. KRN5500 is a novel, non-opioid, non-narcotic intravenous product currently in Phase 2 clinical development.

    Basically, this drug will give pain relief to some folks with a virtually untreatable level of pain that has resulted from aggressive chemotherapy. And the fact the FDA has allowed this drug Orphan Drug Designation will allow a much faster track for DARA to bring it to market!

    If you're not aware, an orphan drug is one that has been developed specifically to treat a rare medical condition. In the US it is easier to win marketing approval for an orphan drug than all others coming before FDA approval.

    Additionally, there may be other financial incentives, such as extended exclusivity periods which are intended to encourage the development of drugs which might otherwise lack profitability.

    That's going to mean faster relief for patients, and also a quicker return for investors… making it a win-win situation.

    DARA also holds exclusive U.S. marketing rights to Soltamox® (tamoxifen citrate) oral solution, which is the only liquid form of tamoxifen, used for the treatment of breast cancer.

    The latest news from DARA doesn't represent a new blockbuster "must have" drug with hopes of massive profit potential, but it does bode well that this little drug company may just turn a profit on their latest R&D sooner rather than later.

    And that's certainly makes for a penny stock to watch

    Keeping you one step ahead,

    A.J. Watkinson

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: MTP
Back To A.J. Watkinson's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.