ZGEN – Is the albuferon news directionally bad for interferon lambda? Cos zgen is down even more than usual today.
Well, it clearly would’ve been better for ZGEN if the Albuferon trial had failed to meet the statistical threshold for non-inferiority; in that case, the drug would’ve been dead for all practical purposes. Nonetheless, the actual Albuferon outcome is certainly not a bad one for ZGEN, so I’m at a loss to explain the 5% drop today.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”