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Monday, Oct 8
2012, 9:39 AM
Questcor (QCOR +2.3%) rallies after SunTrust and Lazard respond positively to a...
Questcor (QCOR +2.3%) rallies after SunTrust and Lazard respond positively to a UnitedHealth/Oxford policy update letter (.pdf) regarding Acthar gel coverage, which produced a selloff on Friday. SunTrust argues the update should reassure investors Acthar has value in treating nephrology and MS, while Lazard claims it's a positive given investor fears following Aetna's move to limit coverage. 40.3% of Questcor's float was shorted as of Sep. 14.