Biogen, with a $54.1 billion market cap as of Wednesday's close, "could be worth twice that if all goes well" with the Food and Drug Administration, the "In March, Biogen pulled the plug on its drug and sent its stock tanking after an analysis from an independent audit revealed the experimental medicine was unlikely to work. However, shares of the Cambridge-basedon Oct. 22 after the drugmaker shocked investors by announcing it was seeking regulatory approval for the drug.
Biogen's drug targets a compound in the brain known as beta-amyloid, which was believed by many scientists and drugmakers to play a role in the devastating disease by eroding synapses between nerve cells. The stunning reversal from Biogen was initially met with deep skepticism from investors, but Cramer expects that will change.
Source: News Formal (newsformal.com)
You see that! This is serious one of corruption in USA.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer: 5 reasons why cyclical stocks are showing resilience and may go higher'Normally these stocks get hammered in the wake of a shortfall, yet this quarter they're more likely to rally,' Jim Cramer says. He is full of shit
Source: CNBC - 🏆 12. / 72 Read more »
Shares of Shopify drop on surprise loss, but Cramer says you'll regret sellingShares of Canadian e-commerce company Shopify dropped after reporting a surprise loss on earnings. People who work do not need multiple sites to keep them busy. While streaming expands, consolidation is needed. tt:MadMoneyOnCNBC
Source: CNBC - 🏆 12. / 72 Read more »
Uber's lockup expiration could 'hobble the entire market' even more than Beyond Meat, Jim Cramer warnsCNBC's Jim Cramer warns of a 'very rude awakening' as a deluge of equity supply comes to market with little investor appetite. There’s got to be a “financial engineer” out there that can arrange a financing to buy all the stock back. It seems to work for established companies. 😎. C’mon Squid. Step up! Tell us how, not a hunch! UBER has .26% of float in index funds. BYND is .8% hardly enough to make a blip. Maybe mutual funds, biggest position in any fund is less than 3%.
Source: CNBC - 🏆 12. / 72 Read more »
Everything Jim Cramer said about the stock market on 'Mad Money,' including Uber lockup, 'junk' Chinese IPOs, buy Twitter, Zebra CEOCNBC's Jim Cramer warns of a 'very rude awakening' due to looming lockup expirations, urges Wall Street to stop allowing 'junk' Chinese IPOs, calls Twitter's stock a buy and sits down with Zebra Technologies CEO Anders Gustafsson. I stopped listening to you yahoos...one sided news reporting....fighting back the urge to call you fake news In my experience Jim only knows how to shout.
Source: CNBC - 🏆 12. / 72 Read more »
Beyond Meat just fell more than 20% after lockup expiration — Jim Cramer and other experts weigh inThe shares tanked on Tuesday after the company warned of competitors entering the alternative meat space and a lockup period expired. The stock also failed to get a boost from a 250% increase in revenue and a turn to profitability. SamTorres5 TradingNation 'It's the same processed crap I've always loved.' - Cartman I prefer Tegrity Burgers.
Source: CNBC - 🏆 12. / 72 Read more »
Everything Jim Cramer said about the stock market on 'Mad Money,' including S&P 500 highs, Microsoft JEDI contract, consumer economy, cyclical stocksCNBC's Jim Cramer breaks down what's driving the market toward all-time highs, explains what the $10 billion JEDI contract means for Microsoft's cloud services and lays out the signs of a strong consumer economy.
Source: CNBC - 🏆 12. / 72 Read more »