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Re: Light-man post# 1625

Tuesday, 01/28/2014 11:36:17 AM

Tuesday, January 28, 2014 11:36:17 AM

Post# of 8505
I think another reason (definitely in addition to the overall stock market decline, esp. in biotechs) is a market over-reaction or misunderstanding of Novavax's filing of the S-3ASR on 1/24/14:

www.sec.gov/Archives/edgar/data/1000694/000114420414003941/v366172_s3asr.htm

The market seemed to react negatively immediately in after-hours trading, which was when it was released that this form was filed with the SEC. It then kept scaling down in AH trading and continued to do so when trading resumed on Monday morning. It seems like NVAX was hit particularly hard b/c of the combination of this form and the overall market performance, like I said, particularly hitting bios even more.
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