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dimebon posts

Medivation Class Action Has Questionable Roots

Posted Mar 10th 2010 12:40PM by Gary Sattler (RSS feed)
Filed under: Management, Law, Pfizer (PFE)

As class action lawsuits go, I have never encountered one any more questionable than the recent complaint issued against Medivation Inc. (MDVN), via the law firm Izard Nobel LLP.

Readers of this space may recall that just a few days ago I decried the sell off of shares that occurred on the heels of Medivation's ill-fated phase 3 drug trial of the potential Alzheimer's treatment dimebon. At that time, I pointed out that one failed drug trial is not equal to the failure of a company. I still stand by that common sense determination.

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What's Up with Medivation?

Posted Mar 6th 2010 2:10PM by Gary Sattler (RSS feed)
Filed under: Pfizer (PFE), Stocks to Buy

I really wish I had several thousand dollars to play with right about now. If I did, I'd plunk the entire wad down on Medivation (MDVN) and let it ride.

Why would I do that? My reasoning is simple. I'd do that because the recent sell-off of Medivation, on the heels of a disappointing phase 3 study of the drug dimebon (latrepirdine) absolutely blew the floor out from under the company's shares. I'm telling you right now, I believe that sell-off has gone twice as deep as good sense can justify. At least, that's the way I see it.

Continue reading What's Up with Medivation?