SRX 3.70% 13.0¢ sierra rutile holdings limited

sirtex gets fda fast track approval news

  1. 2,773 Posts.
    As it starts to filter out that FDA fast track approval news just out to ASX, not only means indications for Sir Spheres are expanding rapidly, it also means since sir spheres since they are already FDA approved it gives more oncologists more data to use sir spheres for more and more off-label indications as a complement to chemotherapy in treating metastatic tumors to the liver. When you add all this to the fact that Sirtex has full FDA approval for its US manufacturing facility for the first time which will be fully relected in this current quarters' earnings report ,and sp is already off 40%+ from recent highs, and evcerything is already baked into sp, we have all the ingredients for a very big rally in sp. The company is quite likely to recoup more than 3 million in legal fees, Add that to stochastics being in the 10-20 range, then sp could be at new highs in near term. as float is small and concentrated in fewer and fewer stronger shareholders.Also HH has added more shares again.
 
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