Replies to post #175662 on Biotech Values

[bladerunner1717]

re: RNA

RNA had a rather strange trading pattern today: It was up over $2/share at one point in the morning, yet finished up only $.26.

Maybe the early response to the CEO's statement was a bit euphoric.


Bladerunner

[ilpapa]

Words like "indicate" and "clinically meaningful" imply that the study was a success. But it wasn't--at least not by commonly accepted biotech standards requiring statistical significance.

And maybe that's why the stock was not able to hold its early gains.