pSivida Gets FDA Clearance, Pozen gets Upgrade: Healthcare Business Update

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

pSivida Corp. (NASDAQ:PSDV) reports that it received FDA clearance to go forward on two pivotal Phase III clinical trials of its lead development product, which is an injectable micro-insert for posterior uveitis. The trials will commence in 2013, and will create the basis for a future NDA submission.

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

Shares of Medicis Pharmaceutical Corporation (NYSE:MRX) dip Friday slides after saying in a Securities and Exchange Commission filing that it had been sued by the dermatological product maker Q-Med, whose products are sold by the former, claiming that it has the right to block the pending merger of Medicis with Valeant Pharmaceuticals International (NYSE:VRX). Valeant has agreed to acquire Medicis at $44 per share in September.

Pozen (NASDAQ:POZN) shares are upgraded to Strong Buy at Ascendiant Capital, as the analyst believes that the recent pullback in price subsequent to its third quarter earnings miss on Thursday has made a buying opportunity. The shares popped on the day in response.

Don’t Miss: Mario Draghi: Europe Is Making Progress.

More Articles About:

To contact the reporter on this story: To contact the editor responsible for this story:

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business