What's Ahead for Rigel Pharmaceuticals After This 18% Plunge?
Early Tuesday morning, Rigel Pharmaceuticals and its now-ex-partner, AstraZeneca , reported late-stage clinical trial results for the experimental rheumatoid arthritis drug Fostamatinib. In the following video, health-care analyst Max Macaluso discusses why Rigel dropped 18% after the news was released and the risks that lie ahead for Rigel Pharmaceuticals.
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The article What's Ahead for Rigel Pharmaceuticals After This 18% Plunge? originally appeared on Fool.com.Max Macaluso, Ph.D., and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.