Trevena lied to investors? Fails advisory committee

-Trevena’s morphine competitor, Oliceridine, just received negative news from the FDA Advisory Committee. The FDA PDUFA date is November 2nd, but they are likely to follow the adcom’s decision

-It also look like Trevena mislead investors by announcing they had successful meetings with the FDA, while the FDA claims they had many problems with the study-design proposed by TRVN including endpoints and statistical analyses.

-Press releases from TRVN in the past say different than the adcom documents, which many firms are taking up as class action lawsuits…especially given TRVN’s latest 8-K filing

I do not have any position in the company and this is not investment advice.

Follow me on twitter @matthewlepoire
http://www.breakingbiotech.com

Relevant links:
http://www.trevena.com/news-details.php?id=211
https://www.fda.gov/downloads/AdvisoryCommittees/CommitteesMeetingMaterials/Drugs/AnestheticAndAnalgesicDrugProductsAdvisoryCommittee/UCM622730.pdf
http://www.trevena.com/news-details.php?id=212

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