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ACHN - Achillion Pharmaceuticals Reports Positive PNH Data But The Market Doesn't Care
Achison Inc Cl A
Achillion Pharmaceuticals (ACHN) has trended lower over the last two weeks despite reporting positive phase 2 results of ACH-4471 in combination with Soliris in PNH patients. The results look encouraging, but investors are either concerned with two safety events that resolved with patients staying on the drug or not really interested due to the potential changes in the PNH treatment landscape given the upcoming phase 3 readout of Apellis's (APLS) APL-2 in PNH patients. I continue to think PNH is a long shot for Achillion, and even more so considering the