Replies to post #138261 on Biotech Values

[pcrutch]

Because of the same stupid optimism that had them believing an interim halt for efficacy would happen.

[DewDiligence]

I am surprised ONTY isn’t down substantially more.

ONTY is down today about the same % as when Theratope missed succeeding at its interim analysis 10 years ago:

http://www.sec.gov/Archives/edgar/data/877984/000113031902000897/o07886e6vk.htm#000

Warning: In the Theratope case, the stock fell 42% the day of the announcement (19-Sep-2002) and fell another 30% the following day for a cumulative 2-day loss of almost 60%. By the end of the month, the stock had fallen 67% from its pre-announcement level.