Wall St. Turns Against Opexa Therapeutics (OPXA)
September 9, 2009 · Filed Under multiple sclerosis
The run up in Opexa Therapeutics (OPXA) was too good to be true.
The stock rose from $1.50 to almost $6.50 in day on news that it had favorable mid-stage results from test of its experimental multiple sclerosis drug. The results are early enough that they may mean very little.
Investors, wary about the firm’s future, drove the stock down 20% to $4.50. Without another hit of good news, the shares could go lower.
Douglas A. McIntyre
Comments
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