ENTA is up about $1/sh on the week as I’m typing. ABBV’s share-price decline this week can be explained by the broad biotech sell-off as well as heightened fears that PBMs and other third-party payers will pressure Humira pricing in the next few years, perhaps by encouraging adoption of Humira FoBs.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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