Banking on MM-121, passing on MM-398
Started a cautiously optimistic position today despite following MACK since FierceBio featured them in 2011. I see the value in MM-121 as I feel it validates the "Network Bio" platform but worried that any sub par 3MM-98 results will drag the stock down as it is the lead candidate for the company. As these are not expected until 2014, I'm long in anticipation of positive MM-121 in 2013.
Time will tell, I imagine I am looking forward to the same catalyst that everyone else is.
Good luck to all
Sentiment: Buy