Couldn't take the pain any longer in more than just this stock (probably a good buy signal). High cash burn, competition coming, missed expectations. I'm sick about this loss when I had a nice profit. I just don't believe management and have concerns about the market, regulations, it's a big mess. Good luck.
small, but interesting Chantix + Bel. If the results are good maybe PFE will get interested???
yes, it's fallen hard. Biotech stocks have a high beta. China will not have any effect on ACHN sales or profits in the next 5 years, but when the market goes down, the high beta stocks go down 2x or 3x or more.
this is the typical problem with small biotech's trying to launch their first drug, it's usually not efficient, not done well. Good luck, I am a former long with no current position.
actually, I think it was a person that claims to be long, who seems a bit nutty and that's being kind.
the little punk must have seen shark tank for the first time last night. Maybe it will learn something new and expand its vocabulary.
I think the ME is close to having a big problem and oil supply will decline as a result. When that happens is anyone's guess, but it's getting closer.
the cost of developing a drug is meaningless unless there's a return in the form of sales and profits. Cost is only a barrier to competition. Unfortunately, Bel competes with cheap generics and it's not efficacious enough to demand a significantly higher price in obesity. Maybe Bel could demand premium pricing and better commercial success for another indication, but our $weak partner Eisai will not invest. We need Eisai to agree to walk away and then ARNA needs to strike a deal with another partner that will pursue other indications and finish the large cardiac study.
Reimbursement support from the health insurers requires "real world evidence" of a benefit to patients, so then need to do a health economics and outcomes study...more costs. Pray for pipeline success and/or a successful new strategic leader that can turn the company around and make wise commercial/business decisions.
Sounds like a pipe dream filled with smoke. Stocks priced at $1.88 are not acquired for 10x.
The plan should be cut costs more, advance the pipeline until something works, continue engaging with companies that need a pipeline like GILD and many others and sell when we have a reasonable offer.
Pat Robertson has predicted "prophesized" that there will be political issues in the ME leading to destruction of oil production in the ME and much higher oil prices. Let's see what happens. Shorts are typically an un-Godly lot, so they will get a chuckle. I think longs will eventually have the last laugh.