I was expecting maybe a 10% drop, but 50% give me a break. It was worth 9 before approval, and its only hinderance is an approvable letter, sighting the need for some data, they may already possess. This is quite an overreaction. The analyst & media machine is alive and well on this one.
No more weak hands on this one thats for sure. 90% of its float traded today. Incredible volume bottom pattern.
CEPH got hit pretty badly over the past couple of days, too. Looks like support is a bit below $60.5.