Top 5 Quality Companies For 2016: Discovery Laboratories Inc.(DSCO)
Discovery Laboratories, Inc., a biotechnology company, focuses on developing products for the treatment of respiratory disease. The company?s product pipeline includes Surfaxin, a synthetic, peptide-containing surfactant that has completed Phase-III pivotal trial for the prevention of respiratory distress syndrome (RDS) in premature infants; Surfaxin LS, a lyophilized dosage form of Surfaxin in Phase-III clinical trials, which enhances ease of use for healthcare practitioners; and AEROSURF, a drug-device combination product that has completed first pilot Phase II clinical study of aerosolized KL4 surfactant for the prevention of RDS in premature infants. It has license agreements with Philip Morris USA Inc.; Philip Morris Products S.A.; Johnson & Johnson; and Ortho Pharmaceutical Corporation for its capillary aerosolization and KL4 surfactant technologies. The company also has a strategic alliance with Laboratorios del Dr. Esteve, S.A. for the development, marketing, and s ale of a portfolio of potential KL4 surfactant products in Andorra, Greece, Italy, Portugal, and Spain. Discovery Laboratories, Inc. was founded in 1992 and is headquartered in Warrington, Pennsylvania.
Advisors' Opinion:- [By Eric Volkman]
Discovery Laboratories (NASDAQ: DSCO ) is turning its focus to raising capital. The company will float 9.5 million shares of its common stock in an underwritten public offering. The price is $1.50 per share. Additionally, its underwriter has been granted a 30-day purchase option for up to an additional 1.425 million shares to cover overallotments, if any.
- [By Sue Chang and William L. Watts]
Shares of Discovery Laboratories Inc. (DSCO) surged 39%. The company said the Food and Drug Administration had agreed to the companys updated product specifications for its Surfaxin intratracheal susp! ension, which was approved for the prevention of respiratory distress in prematurely born infants.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-quality-companies-for-2016.html
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