Discovery Labs DSCO and FDA Meeting Results

September 30, 2009 - Shares of Discovery Laboratories, Inc (DSCO) are spiking in pre market this morning after the company and the FDA have established a path for potential Surfaxin FDA Approval. DSCO stock is indicated to open Up 55% to $1.72 in early trading.

DSCO Forum

Discovery Labs and FDA Establish Path for Potential Surfaxin Approval

Discovery Laboratories, Inc. (Nasdaq:DSCO) held a teleconference on September 29, 2009 with the U.S. Food and Drug Administration (FDA). The meeting established an approach to potentially resolve the remaining primary issue that Discovery Labs must address to gain U.S. marketing approval of Surfaxin(R) (lucinactant) for the prevention of Respiratory Distress Syndrome (RDS) in premature infants. The meeting focused on Discovery Labs' plans regarding optimization and final method validation of its fetal rabbit Biological Activity Test (BAT, a quality control and stability release test) and a proposed limited Surfaxin clinical trial design, which would simultaneously employ the newly-optimized BAT. Full Article

Looking at the chart, there is major resistance located at $2 and $2.40. If DSCO stock was to close over $2.40 at any time in the future, the next major resistance level would be $3.02. I will be buying DSCO if it breaks $2.00.

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