Another example why investing in one-trick pony is
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Posted On: 03/11/2018 7:10:34 PM
Another example why investing in one-trick pony is extremely risky.
https://www.bloomberg.com/gadfly/articles/201...nary-means
Quote:
Dermira Reminds Investors What Binary Means in Biotech
The downside of relying on one drug is often likelier and harsher than expected.
The word "binary" brings to mind a coin flip. But in biotech, the coin is often weighted unfavorably.
The latest example is Dermira Inc., which announced Monday that its heavily hyped acne drug had failed two final-stage trials. The drug flopped so thoroughly the company is giving up on it altogether.
https://www.bloomberg.com/gadfly/articles/201...nary-means
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