Michael Sacerdote

Agios: Risk Without Reward

For those noble individuals who equate money with sin, Agios (NASDAQ:AGIO) offers a sublime opportunity to watch capital evaporate. Agios is one of the beneficiaries of the frothy market for biotech IPOs, having raised more than $100 million in its IPO in July 2013. Shares have soared after the biotech sell-off...

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