Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of hepatitis-focused biotech company Achillion Pharmaceuticals
So what: This was not a pleasant past couple of days for Achillion shareholders, who've been hit with a triple-whammy. First, last week, Gilead Sciences
Now what: There's no question that the bounty placed on the hepatitis-C sector is huge, but investors have been reaching out for any positive news for months, whether it really existed or not. It's becoming clear that Gilead's experimental drug has the fast track to success and other hepatitis-C-drug hopefuls are going to be fighting an uphill battle. ACH-1625 still has a long way to go and I just don't see how it's going to unseat GS-7977, especially since GS-7977 will probably beat ACH-1625 to market, assuming that both are approved. Despite today's drop, I'll gladly pass on Achillion.
Craving more input? Start by adding Achillion Pharmaceuticals to your free and personalized watchlist so you can keep up on the latest news with the company.