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: Shareholders of biotechnology company ViroPharma
So what: ViroPharma launched a citizens petition in 2006 to deny Watson Pharmaceuticals
Now what: What a day, right? It's pretty safe to say that ViroPharma can expect an immediate decline in Vancocin sales, which is being factored into the stock price today. Sales of its Cinryze jumped 42% in 2011 and it's going to need exceptional growth from that drug to justify even today's reduced valuation. I'd personally wait for ViroPharma to get an earnings report or two with Vancocin no longer under patent before you consider buying into the stock.
Craving more input? Start by adding ViroPharma to your free and personalized watchlist so you can keep up on the latest news with the company.