Sunday, March 17, 2013

Why Shares of Celsion Got Crushed Today

Binary events are an integral part of biotech investing; positive results from a clinical study can send shares soaring, while negative results can send a stock into a steep downward spiral.

Unfortunately, shareholders of drug developer Celsion (NASDAQ: CLSN  ) experienced the latter today. The company announced that its experimental liver cancer therapeutic, ThermoDox, failed to meet its primary endpoint in a pivotal phase 3 clinical trial. Health care analyst Max Macaluso breaks down this story in the following segment.

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