Coronado Biosciences slides on possible Summer Street bear call

|By:, SA News Editor

Coronado Biosciences (CNDO -4.5%) is trading notably lower on the session.

The move may be attributable to a bearish note out of Summer Street.

Just a guess: There may be skepticism around the company's lead product candidate TSO which is in Phase 2 testing for Crohn's disease and ulcerative colitis.