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Tuesday, November 12, 2019

FibroGen adds to selloff, down 5% on bearish report

Embattled FibroGen (FGEN -4.5%) is down again today on a 4x surge in volume, adding to longs’ misery after yesterday’s 15% drop.
Muddy Waters Research added fuel to roxadustat safety profile-stoked worries with a short report published today on BuyersStrike that asserted the company under-reported deaths in a late-stage study.
Related ticker: AstraZeneca (AZN +0.6%)

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