Investors were not happy with the reduction in sweat chloride levels, which was lower than what was apparently expected.
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<br />"Vertex said the higher-dose combination therapy reduced patients' sweat chloride levels by 9.1 millimoles per liter. Citi Investment Research analyst Yaron Werber said that was less than investors were hoping for.
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<br />"The data (...) technically falls a bit lower than the 15 mmol/L reduction that the Street wanted to see," Werber said.
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<br />In a note published before the results were released, RBC Capital Markets analyst Jason Kantor wrote that a 10 mmol/L reduction would be the lowest result considered positive."
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<br />From: http://sg.news.yahoo.com/vertex-pharma-falls-cystic-fibrosis-study-data-151843622.html
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<br />
<br />
<br />"Vertex said the higher-dose combination therapy reduced patients' sweat chloride levels by 9.1 millimoles per liter. Citi Investment Research analyst Yaron Werber said that was less than investors were hoping for.
<br />
<br />"The data (...) technically falls a bit lower than the 15 mmol/L reduction that the Street wanted to see," Werber said.
<br />
<br />In a note published before the results were released, RBC Capital Markets analyst Jason Kantor wrote that a 10 mmol/L reduction would be the lowest result considered positive."
<br />
<br />From: http://sg.news.yahoo.com/vertex-pharma-falls-cystic-fibrosis-study-data-151843622.html
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