3 Biggest Biotech Crashes in April

By Keith Speights – May 1, 2013 at 8:18PM

NASDAQ: SRPT

Sarepta Therapeutics

Market Cap

$11B

Today's Change

(-1.14%) -$1.34

Current Price

$116.55

Price as of April 18, 2024, 4:00 p.m. ET

When biotechs fall, they fall hard. These three fell the hardest in April.

Biotech stocks can skyrocket into the stratosphere on good news. Unfortunately, they can also crash (and sometimes burn) when bad news comes their way.

In this video, The Motley Fool's Erin Miller talks with Fool contributor Keith Speights about three of the biggest biotech crashes during the month of April. Dyax (NASDAQ: DYAX) won the dubious honor as the biggest crash of the month after abysmal results for angioedema drug Kalbitor.

Rigel Pharmaceuticals (RIGL -5.41%) also had a horrible April, with disappointing news from partner AstraZeneca's (AZN -0.25%) clinical study of rheumatoid arthritis drug Fostamatanib. And previously high-flying Sarepta Therapeutics (SRPT -1.14%) felt the effects of gravity, as concerns arose about accelerated approval for Duchenne muscular dystrophy drug eteplirsen. (ABBV 0.25%)

Watch as Erin and Keith discuss these big biotech crashes -- and which of the three looks most likely to emerge from the rubble.

Erin Miller has no position in any stocks mentioned. Fool contributor Keith Speights has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.