Why Omeros Shares Vaulted Higherhttp://www.fool.com/investing/general/2013/09/19/why-omeros-shares-vaulted-higher.aspx Sean Williams
September 19, 2013
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Omeros (NASDAQ: OMER), a clinical-stage biopharmaceutical company focused on developing therapies to treat inflammation and central nervous system disorders, advanced as much as 11% today after announcing the initiation of a mid-stage trial for OMS824, the company's phosphodiesterase 10, or PDE10, inhibitor for the treatment of stable schizophrenia.
So what: To understand why shareholders are so excited today, we have to look back exactly a week ago to when Omeros reported positive early stage results from OMS824, pointing to the drug being w