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Biotech / Medical : biotech firesales -- Ignore unavailable to you. Want to Upgrade?


To: DewDiligence_on_SI who wrote (2688)7/27/2010 6:00:01 PM
From: Ian@SI  Respond to of 3661
 
Dew,

I'm not trying to say that the connection is rational, based on fact or, in any way justifies the selloff today.

However, there's lots of room to misinterpret the WSJ statement,


"Broadly, the results showed ticagrelor reduced the combination of heart attacks, strokes and death from cardiovascular causes by 16%, compared with Plavix, after being treated for a year. All patients received aspirin.".

Rather, I would agree with Tuck. This is an opportunity to top up any positions in MNTA at a discount. If Brilanta is approved(recommended by AC) on Wednesday, then there could be an even better opportunity on Thursday.