CHRS -14% on required re-do of Neulasta-FoB bioequivalence study (#msg-119019743).
In contrast to CHRS’ +10% move on Oct 2—which showed profound misunderstanding by investors of the 351(k) regulatory pathway (#msg-117437374)—today’s 14% drop seems about right.
CHRS’ management lost a lot of credibility with the heavy BS in yesterday's PR and the way they handled this incident in general.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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