Replies to post #185112 on Biotech Values

[jq1234]

>> ABBV should not have had to cut pricing as much as they did absent GILD playing that same game.


How ridiculous is that?! ABBV has to wait for GILD before a deal? GILD's drugs had been approved ahead of ABBV. You should blame GILD for mis-pricing their own mass market drugs, without striking deals on their own. They had MORE time to do so.

I am glad there is actual market mechanism from private sector that somewhat controls drug price. Otherwise, it is just a matter of time before government intervention because it is not sustainable in the long run. This episode shows many free marketers actually want to preserve monopoly rather than true free market.

[zipjet]

I actually made money on GILD on the last down cycle and while I am underwater this cycle, I may come out ahead yet. We will see.

We see now, buying the GILD dip was profitable, as was DD favorite activity selling options (calls and puts as GILD rose).

:-)