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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: skier31 who wrote (83153)12/8/2023 4:32:59 PM
From: Qone03 Recommendations

Recommended By
ajtj99
bull_dozer
skier31

  Read Replies (1) | Respond to of 97137
 
They are going to need a new drug now. No telling how low it will go before they get a new drug. I suspect there will be reverse split so they can sell that self offering.

Shares of Bluebird bio fell after the company's sickle-cell disease treatment received a black-box warning and was announced at a higher price point than a competitor's treatment.

The stock was down 41% to $2.84 on Friday. Shares are down 60% this year.

The company's Lyfgenia was approved by the Food and Drug Administration for the treatment of sickle-cell disease. The FDA also approved Casgevy, a sickle-cell treatment developed by Vertex Pharmaceuticals and CRISPR Therapeutics using Crispr gene-modification technology.

The FDA said that Lyfgenia would include a black-box warning related to certain cases of blood cancer in patients treated with the drug.

Bluebird said the treatment would come with a $3.1 million price tag, compared with the $2.2 million price for Casgevy.



To: skier31 who wrote (83153)12/8/2023 5:00:09 PM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

  Read Replies (1) | Respond to of 97137
 
Ya, the stuff I was counting on happened as expected, but there were other issues that messed it up. Now I am 11% in the hole b/c I forgot to put in a stoploss :((

Hopefully they will bounce on Monday. The stock is trading near cash value, so it could bounce. But that doesn't really help me.