Seth Klarman bails out of Targacept (TRGT), an amended 13G indicating Baupost Group exited its...

|By:, SA News Editor

Seth Klarman bails out of Targacept (TRGT), an amended 13G indicating Baupost Group exited its position at Q1's end. The move was almost certainly driven by the ending of development of Targacept's diabetes drug, along with AstraZeneca giving up on an anti-depressant it was developing with the company.