Place Your Biotech Bets (at Motley Fool)

By Brian Lawler July 25, 2008 Comments (0) If the FDA can stick to its self-imposed deadlines, a flurry of activity scheduled at the agency in the next couple of days will dramatically affect some drugmakers' futures. While FDA approval decisions are tough to handicap, they can produce exciting and scary stock-price movements. Let's look at some of the more interesting FDA actions next week. CV Therapeutics (Nasdaq: CVTX) CVT's lead drug Ranexa has been approved since early 2006 to treat angina in patients who don't successfully respond to other treatments. Despite being one of the first new angina treatments to come onto the market in years, and despite angina affecting millions of patients, Ranexa's restrictive label has hampered its sales. The drug pulled in just $22 million in the first quarter. All this could change for... [read full story]