|Written by GSCR Staff|
|Wednesday, 13 March 2013 10:41|
Good morning! We have another rolling biotech stock for today.
Trius Therapeutics. Inc. (NASAQ – TSRX - $6.21) is on the verge of a major breakthrough that could prove to be very profitable for shareholders. The biopharmaceutical Company’s primary focus is on the development and selling of antibiotics for life-threatening infections.
Trius Therapeutics’ flagship product, Tedizolid phosphate (TR-701), is an orally administrated second generation oxazolidnone that is used for the treatment of serious bacterial skin and skin structure infections, and serious gram-positive infections, including MRSA (methicillin-resistant Staphylococcus aureus). These MRSA have received a lot of notoriety recently as they part of the multi-drug-resistant organisms (MDROs) family. MSRA infections have doubled in the last five years even by conservative estimates. TR-701 has completed Phase III clinical development and expected to complete its second Phase III trial by the end of 1Q13.
Additionally, the Company has a license agreement with Dong-A Pharmaceutical Co., Ltd. to develop and commercialize licensed products, including tedizolid phosphate, outside of Korea; a cooperative research and development agreement with Lawrence Livermore National Security LLC for researching and developing gram-negative biodefense pathogens; a research agreement with UCSD for jointly researching antibacterial agents for combating gram-negative and gram-positive biodefense pathogens; a research contract with Lawrence Livermore National Laboratory for the development of antibiotics directed against gram negative multi-drug resistant bacterial pathogens; and a collaboration and license agreement with Bayer to develop and commercialize tedizolid phosphate in the Bayer licensed territory.
TSRX has been on a run from $4.86 at the start of the year to current levels of over $6.00, via heavy volumes. That tells us there is some major accumulation going on here. The charts are very bullish and there could be a break out once the stock hits $6.50, coincidentally, one penny higher than the 52-week high. We think that happens easily and think the stock gets to $9.00 in 2Q13.
Have a great day!
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