Another ADC biotech announced it will quit developing it's drug due to severe side effects. The market is probably correcting SGEN in sympathy. We should be fine. They keep running this one up and down. Hopefully it will settle down and rise soon. Best, Timmo
Think your right, not enough options really to move us to max pain, ohter than the pychological effect it might have. I follow RGEN and IMGN and both similar shaped drops in the morning, albeit different %s with SGEN hit harder.
Other stocks I don't follow VRTX down in morning but bounced back. And ARIA which I think you are referring to gapped down again. Someone mentioned this the other day when it gapped down as taking some biotechs with it.