I really like this stock. I think the reason why it is falling is that its still a speculative stock as it hasnt got approvals internationally to distribute. I think this is why the share rising to $4-$5 was just overpriced and ur seeing it fall.
It also doesnt help with rising US$ will cut their profits and also with global markets slowing down all stocks take a hammering. However If your abit of a gambler ( i am) its a good buy as it looks to be sold off to much.
The reason are as below( please feel free to disagree with me)
– slow down in markets usually means that companies which are not affected by economic slow downs, such as PXS ( sick patients need drugs)
– I predict that they should have full approvals internationally
It has two main drugs.
Aridol and BRONCHITOL
Aridol is for asthma treatment
Bronchitol is for crystic Fibrosis, Bronchiectasis and Chronic obstruction disease.
Aridol approved in AUS and Sweeden. Waiting for approval for USA and Korea( should know this qaurter, I think we were meant to know by end of feb08 not sure why there is a delay)
Bronchitol got approval in aus and market mid year. USA is in phrase 3 trials should know april 2008.
A new announcement also indicate that Bronchitol is trialed in China will know end of 2008 approx.
Have this stock on your watch list because there should be alot of announcements in March and if they are good that sp of $2.40 should head north
These two drugs are apparently very unique.
This is my 
Happy trading 
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