You juxtaposed the 20% decline and the alleged uncertainty. Causation implied. And there IS irony in a market-skeptic using a market burp to support his thesis.
"RPRX off 20% – What stands out in today’s PR is the FDA request that the company submit a new IND for the anemia indication. The need for a new IND adds a layer of perceived uncertainty to this program."
>At least that's the rumor over on ELN Ivillage board.<
"What’s the rest of the story?
Does MRK buy ELN too? Or does ELN acquire BIIB’s Tysabri rights, make billions of dollars in profits, and allow the cheerleaders to retire to their private islands to live happily ever after?
p.s. Where’s io_io when you need him?"
That avatar io_io -
- the repudiator of your prophecies - the slayer of your pumped-up scams - the shepherd to your lost flocks
- and indeed all of the ELN "cheerleaders" - are looking forward to the Holidays as ELN busts a 52-week closing high.