most all the bio areas are under pressure as the big money has shifted back to energy. Lots of concerns
brought by the debates and how drug prices ought to be determined. Also, if Trump gets elected, he has said medicare meds will be negotiated. None of this bodes well for bio pharma. I will be happy if CMRX gets back to $15 at some point.
these are ugly times in the market.... officially a bear now. That being said... the political notions are that drug prices will come under fire... is making folks hesitate before pulling the trigger on buying.
Just my guess..... but kind of looks that way.
I bought a tad more today @ $6.50.... So you know where I stand.
not heard......................... but that sure would have caused this mess.
Question? With all the drug companies taking a bath lately.... I wonder how much
CMRX would be down ANYWAY in this terrible (stock market bio drug) environment?
have to say I didn't see all this coming..... and with Europe acting up, I expect things to get worse before they get any better for a while. Feelin pain? You bet....
as bio is still under fire.... $20s maybe.... future pricing dictated by political pressure doesn't bode well. Other opinions are CERTAINLY welcome!!