The spike would probably pop higher than the offer simply because there would be rumors of bids coming from other potential suitors. As for shorts, it depends on how many are naked because you can be sure a ton of them wouldn't cover, since at most they'd get a slap on the wrist from the SEC.
Highly doubtful. The stock had been way oversold for weeks, so any hint of good news, particulary when paired with a gap up in the biotech sector was bound to move the stock up. Either way, it's nice to see.
Nice to see the support from the parents. I do think it would be foolish to yank CG at this point. He should have been yanked after July of last year.
Eteplirsen will still receive AA, unless all 10 boys suddenly become non-ambulant. The parents and advocacy groups will see to it, flawed trial design and all.
I agree with this. He needs to go through the finish line, but in the meantime, the need to bring a closer on board. A closer who could segue into his successor.
CG needs to lay down some serious cash and make a purchase on the open market. If he wants to shut people up, that'd be a start.
Um, that dude is the world's biggest pumper. You should read the articles he did on ZLCS. That one worked out well.
Um, powerful resources that have been through the rigmarole of getting a drug to market as quickly as possible and have the werewithal and contacts to make it happen in a more timely manner? This management team clearly hasn't been up to the task thus far.
Bull. You don't have to partner the entire pipeline. Plenty of companies partner for single drugs, and many have several partners across their portfolio. It would have been at the company's discretion. They could have easily partnered eteplirsen alone, while keeping the rest of the pipeline to themselves.
"How can things be worse?"
Exactly. That's a pretty good reason to add, isn't it? You know, buy at the lows, sell at the highs. That being said, biotech looks like it might want to match or best April lows, so buying any biotech right now is a huge risk.
The United States does not allow unapproved drugs to be shipped and used overseas. So unless someone raises a stink, people in Africa are unfortunately screwed.
Don't know about MGNX, gary. Looking in clinicaltrials.gov, it appears a few of their drugs are serious flops.