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aimtiaz
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I have worked with numerous brokers and syndicated publications on various financial topics including Equities, Forex and Global Macro. After earning a degree in International Business, I worked in the management consulting sector for a while. Currently I work as an analyst in a small fund and I... More
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Vanopulence
  • Prosensa's Failure Will Not Justify Buying Sarepta 0 comments
    Oct 7, 2013 6:29 AM | about stocks: RNA, SRPT

    Recently, shares of Prosensa (RNA) dropped 70% after announcing the negative outcome from its phase III study of an experimental drug, Drisapersen. Meanwhile Sarepta Therapeutics (SRPT) has seen a significant increase in their market capitalization.

    Comparing the price of Prosensa to its competing company, Sarepta Therapeutics, we find that there seems to be a strong negative correlation between the failure of Prosensa to rise in Sarepta's stock price.

    Find out why it is a bad idea to buy Sarepta based on Prosensa's failure.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: RNA, SRPT
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