SPPI fell down .15 to close at 5.88 on 6/22/09. Many FDA plays that are approaching approval date or past approval date but awaiting approval dropped, as the overall market fell. I am still optimistic about this play.

Awaiting the FDA decision for the first drug by 7/2/09 and the second drug by 10/8/09.

FDA plays are highly risky, so if you have enough profit (or loss), take it. You never know what will happen.

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