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 drugmaker Regeneron Pharmaceuticals
So what: Given Regeneron's big jump, it's obvious that Mr. Market believes the news increases the likelihood that its own ophthalmic solution, Eylea, will eventually be approved by the FDA. Of course, biotech Fools know to judge a drug's potential on its own merits, so today's rally in Regeneron should be taken with a grain of salt.
Now what: Even without the Times story, Regeneron's Eylea was clearly the better bet. According to analysts, efficacy data so far shows that Eylea works much faster than Avastin and only needs to be taken every-other-month (versus monthly for Avastin). Of course, Regeneron is up about 150% over the past year, so investors still need to tread cautiously.
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