wonder if we weren't downgraded would we be in the 7's now??? I can't believe our luck. I can own the winning lottery ticket for 1.6B jackpot and have a meteor hit me on the way to cash it.
you have to understand that MRK is huge and ACHN is so tiny. It's like comparing a mosquito to a 747 plane. ACHN doesn't have resources to compete. When I was in my small biotech that went bust, some analyst said it was like we were in the indy 500 and had a go cart to drive. The guys in the lab took it one step further and said the go cart didn't have wheels, engine, transmission, and steering wheel. Otherwise, it was a go cart.
they're in prison. don't give them drugs. let them die. geez, save the money.
no as I just saw it too. Wasn't at my computer but had my phone and didn't know it was downgraded. Thought GILD took us down. How can they do that if the data is great and we hit 17-20 on the news?? they look stupid then.
okay. thanks for the message. Like I said, JNJ didn't give ACHN money for nothing. They looked at our trials and data and walked (laughing and #$%$ while walking out of the facility) so if they did the deal with ACHN, they liked what they saw. JNJ didn't like our trials, how they were run, and the science behind them. I do remember one of the JNJ people gave our DMPK person poop and said this is just BS. I just wish they'd put the data out soon. I'm down almost 20K in this now and waiting.
why would anyone with brains downgrade ACHN when in 2-4 weeks, we can have data that is great for 4-6 week period????? They must either know the results suck or are stupid.
were down with GILD. won't rise without them. we need news fast. Otherwise, 5's are coming faster than Peter North.
guess we're down today due to MRK's approval in HCV, GILD bs with the CEO/pricing of mrk drug and downgrade from leewink sheet. What I'm worried about it that by the time ACHN comes out with data, all HCV will be eliminated and there won't be a need for ACHN's drug. Guess JNJ thought of this and still went forward. Wish they'd post the great numbers and let us rise $10 a share asap.
you are right. Hillary and trump are mouthing off. celg's earnings isn't helping either.
my relative won't tell me anything and I wouldn't ask them either. I've worked in big pharma for 25 years and know better than to fish for info. We just have to wait.
I don't see why today is so important. the biotech sector is tanking big time taking achn with it. we need news. I think nobody outside knows yet of the results.
it takes 30 to 45 days to analyze but they know immediately after seeing the data. doubt the news leaked inside to those who'd blab.
wish I can contact my relative in JNJ. I'm sure they know as they are in a very high position and would surely know how that deal is going. They are like exec vp and being groomed for a very high slot. But no inside info would be given as they are a class act and very professional. oh well, I'll just have to wait.
you would think JNJ looked at all the data and everything fully before the deal. I was involved with M&A/DD for my old company and we had like 40 firms come in over several years. they send the whole kitchen sink to review everything. I was amazed at how good firms were in digging and asking questions. Some guess or thought of issues and didn't even have data to support it but us insiders knew of issues and problems and some firms figure that out just looking at structures and chemistry on paper. So, JNJ must have felt it was a slam dunk to give up 500MM to ACHN before running things themselves.
damn, I remember ACHN hit 21 or so when the data came out (premarket). the highest it was in regular session was 16's. so, 25 BO is low in my opinion.