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3 Stocks Crushed by the
Market This Week
Plenty of health-care
stocks enjoyed big gains
this week. But not all of
them. Here are three that
were hammered pretty
ha...
Shares of the 3-D bioprinting company dropped nearly 12% this
week.
Organovo Holdings (NYSEMKT:ONVO)
Source: Yahoo! Finance
• Organovo announced financial results
for fiscal 2014 on Thursday
• While the results weren’t great –
miniscule revenue a...
The stock of the biotech fell 11% this week.
Inovio Pharmaceuticals (NYSEMKT:INO)
Source: Yahoo! Finance
• An online post on June 10 speculated that
Inovio’s CEO Joseph Kim was laying the
groundwork for announcing negative
news...
The biopharmaceutical company’s shares dropped 10% for the
week.
Orexigen Therapeutics (NASDAQ:OREX)
Source: Yahoo! Finance
• Orexigen announced on Wednesday
that the FDA delayed a decision on
weight loss drug NB32 by three months,
with a new PDU...
• Organovo’s potential still is intriguing and
Inovio could confound critics by reporting
positive results for its DNA vac...
Find out which stock The Motley Fool’s chief
investment officer selected as the top pick for
2014 in our free report!
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3 stocks crushed by the market this week 06-13-14

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3 of this week's worst health-care stocks

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  • Transcript of "3 stocks crushed by the market this week 06-13-14"

    1. 1. 3 Stocks Crushed by the Market This Week
    2. 2. Plenty of health-care stocks enjoyed big gains this week. But not all of them. Here are three that were hammered pretty hard.
    3. 3. Shares of the 3-D bioprinting company dropped nearly 12% this week. Organovo Holdings (NYSEMKT:ONVO) Source: Yahoo! Finance
    4. 4. • Organovo announced financial results for fiscal 2014 on Thursday • While the results weren’t great – miniscule revenue and increasing expenses, it’s unlikely that any observer expected any significant positive developments yet on the financial front • The focus for Organovo continues to be future-oriented, especially with the upcoming unveiling of its 3-D liver assay test Why Organovo’s stock was 3-D: down, down, down
    5. 5. The stock of the biotech fell 11% this week. Inovio Pharmaceuticals (NYSEMKT:INO) Source: Yahoo! Finance
    6. 6. • An online post on June 10 speculated that Inovio’s CEO Joseph Kim was laying the groundwork for announcing negative news about a phase 2 study of cervical dysplasia vaccine VGX-3100 • Inovio responded publicly the next day, calling the article “false and misleading” and “inane conjecture” • The company stated that the data from the phase 2 study remains blinded and plans to report results from the phase 2 study by the end of July Why the market said “no, no” to Inovio
    7. 7. The biopharmaceutical company’s shares dropped 10% for the week. Orexigen Therapeutics (NASDAQ:OREX) Source: Yahoo! Finance
    8. 8. • Orexigen announced on Wednesday that the FDA delayed a decision on weight loss drug NB32 by three months, with a new PDUFA date of Sept. 11 • Why the pushback? The FDA indicated that more time is needed to finalize Orexigen’s post-marketing obligations • The main issue relates to evaluation of cardiovascular outcomes • Orexigen has an ongoing study involving 8,900 patients focusing on these cardiovascular outcomes Why Orexigen’s share price was slimmed down
    9. 9. • Organovo’s potential still is intriguing and Inovio could confound critics by reporting positive results for its DNA vaccine • The nod for best chance of rebounding, though, goes to Orexigen • While the FDA’s delay for a decision on NB32 was disappointing, the prospects for approval likely won’t be impacted • For investors who expect that NB32 will achieve greater success than earlier rivals, this week’s pullback could represent a good buying opportunity Best shot at bouncing back?
    10. 10. Find out which stock The Motley Fool’s chief investment officer selected as the top pick for 2014 in our free report!
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