rofgile (52.37)

DSCOD is delaying FDA attempt until fall.

January 11, 2011 – Comments (1) | RELATED TICKERS: DSCO

From WSJ:

"DOW JONES NEWSWIRES

Discovery Laboratories Inc. (DSCOD) said it could be able to file a complete response with the U.S. Food and Drug Administration early in the third quarter on Surfaxin, its experimental preventative drug for respiratory distress syndrome in premature infants.

The drug developer, which had said in June the filing was on track for the first quarter, now says it has had multiple discussions with the agency regarding tests on the drug.

Like many drug developers, Discovery Labs has been unprofitable as it generates no revenue. It enacted a 1-for-15 reverse stock split last month in order to keep its Nasdaq listing and earlier this year sold stock and warrants, seeking proceeds for research and development.

Shares were down 1.9% at $3.63 in premarket activity."

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 Blah!  Sounds like they still have lots to prove to the FDA about their manufacturing quality.  In two more quarters, will the stock price be hurt excessively by stock dilution to pay the bills?

 -Rof