SRDX (30.72) closed down 21% on the news released late Wednesday that MRK had canceled SRDX’s most prominent collaboration (#msg-32241114). At today’s close, SRDX is at a level last seen in 1H07 before the ill-fated MRK deal was announced.
Here is the 2-year chart, which starkly shows the impact on SRDX’s valuation of the “validation” conferred by MRK:
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