Sometimes my logical thinking just doesn't cut it when it comes to investing. A drug for diurnal rhythm restoration in blind people? Wouldn't a $10 alarm clock from Wal-Mart be able to do that? Will insurance companies be "blind" and dumb enough to cover that drug? And yet the Baker Bros are invested in the company.
Looks like a squeeze. SI is down 50%(May 15). Could be shorts have a fair amount of unhedged shares and for whatever reason are rushing for the exits. Something else going on besides just Laz and Taz I think. Remember too that everyone on these mssg boards has, in their expert opinions, left Fanapt for dead. All the while Novartis is quietly pumping a lot of money into new Fanapt R&D, including depot Fanapt. If it's a pump and dump then VNDA will crater soon enough. If not, VNDA could easily double from here.