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Biotech / Medical : biotech firesales
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To: Biotech Jim who wrote (3101)9/21/2017 2:16:20 PM
From: tuck  Read Replies (2) of 3661
 
Intercept (ICPT) off 16% as Leerink analyst suggests it's lead NASH drug could get a black box warning. This is a multi-year low for the stock, so one could argue it's due for a bounce. OTOH, several knowledgeable biofreaks are bearish on the whole program - as am I - so in my view, a bounce would be shortable. Come to your own conclusions, of course.

BJ, I take it you're long since out of this one, and riding MDGL instead (nice call so far there).

Cheers, Tuck
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