Friday, September 22, 2006

Oscient Pharmaceuticals Recieves FDA Approval, To Open 10% Up

Oscient Pharmaceuticals (OSCI) has announced that the company had recieved FDA approval for FACTIVE for 5-day treatment for community-acquired pneumonia (CAP).

Currently, FACTIVE is approved for a 7 day treatment for CAP and for a 5 day treatment for acute exacerbations of chronic bronchitis.

The stock is up almost 10% in pre-market action, and expect it open much higher by the time the bell rings.

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