Recent Updates on Stock Prices of Titan Pharmaceuticals, Inc
Titan Pharmaceuticals, Inc is up by 2.18 percent at the moment, trading at $0.610 per share, the stock entered the market today at $0.60 per share.
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#1 Sep 14, 2013
Titan Pharmaceuticals trading was halted for 1.5hrs as shown by a flatline yesterday afternoon 9-13/2013 for reasons unknown, but a stoppage of trading usually indicates an impending announcement is forthcoming.
Titan is in a partnership with Braeburn Pharm to manufacture the "subdermal implant Probuphine" for the maintenance treatment of opioid dependence in adult patients in treatment which lasts 6 months for treatment of dependence of opioid addiction. The current pill form is abused and sold on the Black Mrkt, along with abuse by other addicts and childrens death to easyily getting the drug. The pill form has approx $1.5 Billion a year sales.
Titan's NDA with the FDA was overwhelmingly approved by the FDA subcommittee, but not approved by the FDA in the final meeting. Titan filed a LTR of clarification 9-04-2013 as to the reasons why it was initially rejected as the drug trial data in all phases was very positive. They are waiting for a response from the FDA from 21 days of the initial LTR filed for the meeting to deternmine the exact reasons why it was not approved when the implant is a necessary drug device for treating patients. Probupine is very difficult to sell on the black mrkt and has safety of pediatric misuse and deaths associatesd with the other pill forms. Braeburn Pharm recently hired a former FDA commissioner from the 80's to assist in paving the path through the regulatory system for the exact way to approach a suitable concensus towards approval. See Titan stock stoppage and Flat-lined 9-13-2013 as it may be an indication of news from the FDA forthcoming.
I believe it will be positive for a meeting and eventual approval. We shall see, but Titan has remained steady this past couple of months with a few high bumps. You investigate the above info as it is true to the best of my knowledge and recon on this desired implantable device to administer blocking receptor medication to ouyr huge opioid problem patients seeking assistance from the addiction of opioids. Please further your knowledge before investing! This is my thoughts and facts from my investigation only for your view.
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