Seeking Alpha

Feuerstein comments hit Ampio in early trading

  • Ampio Pharmaceuticals (AMPE) is trading 6.6% lower premarket.
  • Likely behind the move is TheStreet's Adam Feuerstein who, in a response to an article by SA contributor Brian Wilson, says the company "slipped in" new disclosures regarding Optina in the prospectus for its most recent financing.
  • According to Feuerstein, the company's disclosure that "the FDA has previously indicated that a Phase 3 trial may be necessary following the current trial" is quite a change of pace from the language present in AMPE's March 10-Q.
  • "The FDA has never approved a drug for DME based on a 12-week clinical trial," Feuerstein says.
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