Great day for us today....surprised they own so much now of ACAD....was tempted to click some shares but I believe there are more buys on the way from other funds and shorts, let's see where this goes next. Own some CLVS also which had a great run up recently. Check out Bakers other position which they have been adding recently, INSM - think this is ready for big move in next few weeks....:) GL to all here.
Never said that phase 3 will def be positive but look at their phase 2 CF data and you realize the high likelihood of success. Plus this phase 3 puts Arikace head to head with competitor Tobi product. if you talk to doctors in the space you will also realize that many patients are not responding to Tobi , plus it needs to administered in three dosages daily. Insmed's Arikace is only once day antibiotic to treat infections caused by CF. Even if it is equivalent to Tobi, docs and patients will prefer once day delivery as it is more convenient and ensures proper dosage is administered. I think it will not only be equivalent but far superior to Tobi. That is why iam bullish on INSM. Aim not alone as Baker Bros, Fidelity, Orbimed, RA capital also share my view...:)
The Baker Brothers do not own any INSM. You misread the Seeking Alpha article re ACAD and the Silver Linings Playbook. The stocks listed in that article ( in the graphic box) are stocks where funds have been active recently but it is not a box of solely the Baker boys.
Sentiment: Strong Buy