Arca Biopharma Inc (NASDAQ:ABIO)

CAPS Rating: 1 out of 5

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Member Avatar pchop123 (78.35) Submitted: 4/9/2014 3:51:52 PM : Underperform Start Price: $1.89 ABIO Score: +14.28

more negative than positive

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Member Avatar zzlangerhans (99.74) Submitted: 12/18/2013 12:19:43 PM : Underperform Start Price: $1.56 ABIO Score: +0.86

Arca is a completely pathetic zombie biopharma that should have gracefully shut its doors in 2009 after the FDA appropriately issued a CRL for Gencaro, a beta blocker that failed to show stat sig benefit in CHF in phase III trials. Instead, Arca has spent the last four and a half years raising money through dilution, spending it on salaries for themselves, reverse splitting, and raising more money. During that time they conducted no clinical studies that I am aware of, but they did switch the target of Gencaro from CHF to A-fib, despite having an SPA in place for a phase III trial in CHF since 2010.

In November, a concerted effort took place on Seeking Alpha and elsewhere to try and make FDA acceptance of the IND for Gencaro in A-fib and approval of the phase III trial protocol into a catalyst. Most legitimate biopharmas don't even bother to PR IND acceptances, since it's mostly a formality before the real work of conducting clinical trials begins. Nevertheless, the touts primed the pumps and Arca was only too happy to oblige with a pompous pre-market declaration of the FDA's acceptance of the IND, accompanied by a saintly picture of their CEO. Indeed, the float was tiny and enough gullible traders were moved by the word "acceptance" to start a fire under the stock, taking it from 1.4 to a high of 2.1. What happened next? QThe share price nosedived right back to 1.5. Any guesses what those "longs" from Seeking Alpha were doing when the stock was over 2?

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Member Avatar helicopterfool (25.32) Submitted: 12/17/2013 3:10:45 PM : Underperform Start Price: $1.56 ABIO Score: +0.83

per zzlang

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Member Avatar porschetech (< 20) Submitted: 10/14/2010 3:54:26 PM : Outperform Start Price: $19.32 ABIO Score: -165.62

GO BIG OR GO HOME. You need a few stocks like this just like you need a 3 point shooter in the NBA.

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