The Motley Fool examines the travails at NPS Pharmaceuticals, which saw shares plunge from close to $50 to $4 as it struggled to gain an approval for its osteoporosis drug Preos. According to SEC documents, NPS needs a partner to help fund the next study of Preos. But it's been whacking employees [1], sold its HQ facility [2] and struck a royalty deal on another drug as it staggers under a heavy debt load. All is not lost, though, sayeth the Fool. Teduglutide is in a late-stage trial for short bowel syndrome and there's a pretty good pipeline of candidates that can create some real opportunities.
- here's the view [3] from The Motley Fool
Related Articles:
NPS sells drug rights. Report [4]
NPS halves workforce in restructuring. Report [1]
Links:
[1] http://www.fiercebiotech.com/story/nps-halves-workforce-in-restructuring/2006-06-13
[2] http://www.fiercebiotech.com/node/7496
[3] http://www.fool.com/investing/high-growth/2007/08/06/nps-pharmaceuticals-whats-for-dinner.aspx
[4] http://www.fiercebiotech.com/story/also-noted-nps-sells-drug-rights-pharmacopeia-snares-milestone-novartis-submits-galvus-protoco