Saturday, May 1, 2010

Pozen shares sink ahead of FDA decision


BOSTON (MarketWatch) -- Pozen Inc. /quotes/comstock/15*!pozn/quotes/nls/pozn (POZN 10.83, +0.10, +0.87%) shares sank 21% to $9.62 in early afternoon trading Friday. The FDA is expected to issue a decision on whether to approve its new arthritis medication Vimovo by the end of Friday. Vimovo was co-developed with AstraZeneca PLC /quotes/comstock/13*!azn/quotes/nls/azn (AZN 44.35, +0.14, +0.31%) , shares of which were down marginally at $44.20.

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