Yesterday, the Food and Drug Administration handed Impax Laboratories (NASDAQ: IPXL ) a complete response letter, or CRL, for its experimental Parkinson's disease drug Rytary. While an FDA rejection can spell doom for most stocks in the biotech space, shares of Impax only fell around 6% in intraday trading. In this video, health care analysts Max Macaluso and Brenton Flynn discuss this decision and how Impax's diversified portfolio helped to fortify the company against the bad news.
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