Down 9%: Is OncoMed a Bad News Buy?
OncoMed shareholders had a rough day, with potential issues with mild-to-moderate bone-related adverse events causing a halt in a phase 1 trial for two of the company's drugs. The big question, of course, is whether this makes for an attractive investment situation. Could this be an opportunity to get shares of a company paired with the likes of Celgene and other big pharmas on several drug candidates for cheap?
In the video below, health care analysts Michael Douglass and David Williamson lay out OncoMed's strengths, but also the weaknesses that will keep them away from the stock for the time being.
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The article Down 9%: Is OncoMed a Bad News Buy? originally appeared on Fool.com.David Williamson has no position in any stocks mentioned. Michael Douglass owns shares of Celgene. The Motley Fool recommends Celgene. 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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