At almost the hallway point of the year, health care has been far and away the top performing sector. However, that doesn’t mean that volatility has left the biotech portion of the industry. Here are three stocks that dominated the action in today’s trading session.
The Pop
Shares of Alexza Pharmaceuticals
If Adasuve is approved, it will face competition from injected treatments like Eli Lilly's
The Drop
It’s almost shocking to witness Arena Pharmaceuticals
Investors in competitor VIVUS
I want to caution investors who are not currently invested to stay away from Arena for the time being. Although an approval is considerably more likely than I would have guessed six months ago, lorcaserin is Arena’s only late stage drug, and a rejection would be devastating.
The Plunge
Today was not good for Theratechnologies
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