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Biotech / Medical : biotech fireworks

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To: Jibacoa who wrote (6714)	11/16/2017 10:56:35 AM
From: tuck	Read Replies (2) of 7424

Achillion (ACHN) recovering 20% after yesterday's faceplant of similar magnitude. Pursuant to the end of the J&J HCV collaboration, J&J announced it was shopping its shares. Whoever gets those at $2.75 seems to be getting a deal. However, the lockup on J&J's shares doesn't expire till near year end. This may pull back again, and I think it might be a buy if it does. The company is now a play on its complement factor D program, in P1/2 depending on indication, and said program has achieved proof of concept. Usual caveats of early, small trials apply. I had a modest position before yesterday, and I added on the sell-off such that I'm approximately even at the moment. Cheers, Tuck

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