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Getting the Market Right: Marc Lichtenfeld Explains PDUFA Dates

Today on Getting the Market Right, Marc Lichtenfeld explains the Prescription Drug User Fee Act (PDUFA) and the importance of PDUFA dates in biotech investing.

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The Industry You’ll Feel Good About Investing In

There is a ready-made market for cutting-edge prosthetics – one that is expected to top $23.5 billion by 2017, thanks to the proliferation of joint disease, increased medical care in developing countries and an aging world population. Receiving the latest prosthetic may give recipients a new lease on life, but investing in the future of others can be an exciting affair, too.

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What Biotech Investors Must Know Before PDUFA Dates

The most important day for a biotech company is the PDUFA date (pronounced puh-doo-fuh). It stands for Prescription Drug User Fee Act. The PDUFA date is the day the FDA votes to approve or reject a drug. Sometimes, the FDA will rule before the announced PDUFA date, but it’s the day by which a decision is expected.

>> PDUFA Dates: How to Find One Day Gains of Up to 74%