FDA Clinical Hold Squeezes Investors
Shares of Achillion plunged 25% after the FDA stuck a clinical hold on its key next-gen hepatitis C drug sovaprevir. There has been a history of clinical holds for interferon-free treatment components, but Achillion's problems are different from past struggles seen by competitors.
In this video, health-care analyst David Williamson discusses why today's sell-off may be overdone, but cautions investors to look at the bigger picture surrounding this fledgling small cap.
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The article FDA Clinical Hold Squeezes Investors originally appeared on Fool.com.
David Williamson owns shares of Johnson & Johnson. Follow David on Twitter @MotleyDavid.The Motley Fool recommends Gilead Sciences. It recommends and owns shares of Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.
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