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Osiris (OSIR), Spotlighted on Radiation Scare

Fear of a nuclear meltdown in Japan put the spotlight on Osiris (NASDAQ:OSIR) who is developing treatments for radiation poisoning.

Japan’s nuclear drama raises concerns about the US readiness in the event of a disaster such as an earthquake or a terrorist attack.

The Bottom Line: Conventional wisdom on Wall Street suggests that tragedies that incite panicky buys or selloffs in share pricing represent opportunity for pro-active investors. However, OSIR Prochymal is still awaiting regulatory approval. But, an excellent post (3/14/11) by MD Becker (  highlights this visibility effect. Osiris (OSIR) is developing Prochymal for the treatment and prevention of acute radiation syndrome, a condition that has no cure. There are no treatment or prevention products approved in the US. The stock still dropped from $6.50 (3/14) to $6.38 on 3/ 15/11 and opened on 3/16/11 at $6.18 down -$0.20 or -3.13%.