Forget what the shorts are babbling, they will lose.
So glad to have put this sidejurker on ignore, never had anything intelligent to comment on.
Achillion Pharmaceuticals' (NASDAQ:ACHN) ACH-3102
Achillion Pharmaceuticals is one of the only pure-play hepatitis C researchers out there, and in small, mid-stage studies, 100% of patients taking Achillion's ACH-3102 alongside Gilead's Sovaldi achieved a functional cure after just six weeks of treatment.
That's a nice improvement over current therapies, which in most cases are dosed over 12 weeks or more, but investors have soured on Achillion following a licensing deal it inked with Johnson & Johnson in May.
In that deal, J&J acquired the rights to Achillion's HCV franchise, including ACH-3422, a drug that Achillion was hoping to use alongside ACH-3102 instead of Sovaldi in future trials.
Because J&J already has a strong HCV research program that includes the prior-generation therapy Incivek, the more recently-approved Olysio, as well as assets acquired when it bought Alios last year, all of which can be combined with Achillion's pipeline, investors may not want to count Achillion out just yet.
If J&J can craft a shorter-duration, next-generation HCV drug, Achillion could receive up to $1.1 billion in milestones and mid-teens to low-20s royalties on eventual sales. Because J&J also took a $225 million equity stake in Achillion at a price of $12.25 per share, Achillion's current $8.69 price and $1.02 billion market cap could ultimately be too low.