Earnings were in line for the year. All the earnings reports do is reinforce that the market cap got ahead of itself short term. Funny there was no big sell off at yesterdays opening. Would buy on any dips.
Hopefully on Nov 14 there will be some insight on some of there un partnered programs
Higgins can not really speak for their partners on the partnered programs
Its really up to their sales force and mgmt
Looks like they beat current qtr guidance however will fall short on 4th qtr, guidance. Probably booked some rev, ahead of schedule.
2014 should accelerate revenue.
Price action was reflecting that.
However short term PPS might reflect the 4th qtr short fall and we may see a near term selloff starting today.
When Robinson was Running LGND LGND got their small lung cancer drug turned down for approval/ This sent the stock in a tailspin from 26 pre splitt.
Stock has been trending down since it hit 50.
Hope disappointing announcements are not on the way.