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RHHBY - Allakos Does It Again; bluebird And Sunesis Data: The Good Bad And Ugly Of Biopharma
Roche Holding Ltd ADR
Allakos (ALLK) was up a whopping 40% in a day's trading on 8x surge in volume on Friday on what has been called "sales chatter." I covered ALLK in August in a mostly bearish article after it almost tripled overnight after results from a Phase 2 study of lead candidate AK002 was published. I said that "While the trial was good, neither the market potential nor the current stage of development should indicate such a high valuation as at present." I now see I was right on all counts except the critical