Watching this thing has been like watching a pinball machine lately! Up, down, lots of movement all over the place. Seems to me that the next catalyst for this thing will be the ph 3 trial of the drug they bought vs. anything else. Am i missing something or does everyone else feel that way too?
Many new indications for cancer treatment and now on to work beyond cancer? Quite interesting developments. Many years out but pretty interesting, that's for sure.
This company has lost 40% of its value in the past several months. How can that be? Any thoughts out there? I know IBB is down 20% in bear territory but why is MDVN down so much relative to the rest of biotech? Thoughtful commentary appreciated.
The stock is off almost $50 from its high. Pretty amazing. I believe that a few months ago people thought that the company was going to be bought out but as time has progressed, this seems less and less likely. People are essentially moving on and looking for alpha elsewhere. It seems to me the product will continue to see adoption and therefore we'll see revenue growth. Does anyone think they could be bought out anymore though?
The other day someone mentioned they were going to buy some July 31 options. Whoever that was, congratulations! I took a look and considered it but then decided it was too much of a gamble given how much of the stock I already own. You must be one happy camper today. Go celebrate the great call and congrats on taking the chance!
There must be some news out there that is not generally known but is hitting people. Anyone know of anything? Perhaps a new prostate cancer drug has seen positive results recently and MDVN won't be able to hold on to their market dominance? Or maybe early news about international sales are leaking out and it's not great? Seems awfully strange for the stock to fall 30% with NOTHING in the news other than people saying their price target is $140.
I think this is likely a combination of:
1. Results that were good but not blow you away good. People are too used to seeing this company constantly knocking it out of the park. When results come in good, people are disappointed.
2. A reaction to the recent hire. People might be feeling like the company is out of tricks if it's readying for a sale. Given that it likely wouldn't be around the corner but more like 6 months to a year out and with no major catalysts on the horizon, there are likely other places to put your money to work as this trades sideways for a while.