After market move suggests 60% of pps was the TD indication
One dose level fails, one dose level succeeds. They only need one dose level. So a 30% drop for the 50 mg result must mean the this drug was 60% of NBIX' value. We all know the TD indication was under 3% of the stock.
Does the pps reaction make any sense to anyone here? Of course not. It's just another example of how easy it is to mislead fearful small investors. The good news is the major holders will determine the pps move tomorrow and those guys will not sacrifice 60% of their investment for nothing.