Really? Because BMY and GILD are tanking today too. This looks like a sell-everything morning so far. Wait till this afternoon to see if some differentiation takes place. hopefully in biotech; my major position.
I wasn't suggesting the move today was due to the MS call from 2 weeks ago; merely suggesting they are likely correct. I don't think this is entirely die to the BMY/ GILD data leak either given the GILD response and the fact that it is 12 week data. Most likely the continuing realization the VRTX is being overwhelmed with competition in HCV. Without positive 770/809 data soon this stock is toast.