CXM close to FDA 510(k) approval

Picked By Biagio R. Rao
Picked: August 29, 2010 7:49:33 AM PDT
Rating

Cardium Therapeutics Inc. (AMEX: CXM) - Open

Symbol Position Allocation Picked Current Price
CXM Long 1% $0.4400 $0.2343 -46.75%


Opened August 29, 2010 7:49:33 AM PDT
Closed -
Risk Medium
Target Date August 30, 2010
Target Price $0.4400
Timeframe Long-Term
Suggested Stop Loss $0.3000
Holding Long Position
Disclosure -

FDA 510(k) approval should happen before the end of the year. Look for stock to start moving up.
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Excellarate shown to be safe

Aug 31, 2010 6:55 AM PDT
Here is a direct quote from the Excellarate phase 1 and 2 trials about the safety of Excellarate, I think you have some bad info. Here is the quote:

Phase 1/2 Excellarate Clinical Study

Excellarate has been studied in a Phase 1/2 clinical trial that evaluated safety and included a preliminary assessment of healing. The positive findings of this open label multi-center Phase 1/2 Excellarate clinical study were published in the November-December 2009 issue of Wound Repair and Regeneration, a peer-reviewed journal of the Wound Healing Society. The principal findings of the study concluded that Excellarate appeared to be both safe and well tolerated and that complete wound closure was observed at 14 weeks in 10 of the 15 patients (67%), seven of whom had received only a single application of the Excellarate product candidate. In addition, Excellarate appeared to be associated with early rapid healing responses (around half of the patients achieved a 50-99% reduction in wound size by week 2).

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510(k)

Aug 30, 2010 8:54 AM PDT

If you would have read about Excellegan you would see that its the collogen in it that is doing the healing so its not genetic insertion, thats why its being expedited by using the 510(K) fast track approval from FDA, so I do believe it will get approval. So will the other products.
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No Way This Will Ever be Approved

Aug 30, 2010 8:12 AM PDT

There has been no drugs approved by the FDA using genetic insertion/modification techniques....hope you didn't put too much money in this stock.  Also, check out the adverse events that occurred on Excellarate....that's why the FDA won't approve this particular drug.
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