SOMX - Somaxon Pharmaceuticals, Inc.
TNS members were alerted to Nasdaq Exchange Traded SOMX at $1.15 on the bounce play after the U.S. Food and Drug Administration (FDA) determined that the New Drug Application (NDA) could not be approved in its present form for Silenor for the treatment of insomnia. SOMX closed at $1.41 and at one point during the day reaching $1.53, an intraday trade that would have yielded 33% ROI.
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