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FOMX - Foamix Pharmaceuticals: Managing My Position Around FMX101's PDUFA
Foamix Pharmaceuticals Ltd.
Foamix Pharmaceuticals (FOMX) has a PDUFA date of October 20th for FMX101, the company’s leading candidate for acne. If approved, FMX101 would be the company’s first commercial product and is projected to launch in early 2020. I expect an increase in trading volatility as we approach the PDUFA date. As a result, I am looking for an opportunity to trade a portion of my position. I intend to discuss my strategy for this trade and why I am looking to hold a portion of my position for a long-term investment.