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Astex Pharmaceuticals, AŞ Message Board

  • cyberwarrior1965 cyberwarrior1965 Sep 21, 2012 9:07 AM Flag

    Phase I test results built into price?

    I posted a few times long ago w/SUPG, and have had shares for about 1.5 years now. I have an honest question to ask for all who will give an real answer (no flaming, please).

    I read the news that ASTX pulled the plug on Amuvatinib. Pre-market the share price is down $.30-ish. Here's my question: was 10% of ASTX's value yesterday built on a continuation for the Amuvatinib testing? It seems to me that the response to the news is something of a knee-jerk, especially since Amuvatinib was years away from even earning any revenues.

    TIA for any insights. Take care.


    Sentiment: Hold

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