Use the figure for the question(s) below.

-The above screen shot from Google Finance shows the price history of Progenics, a pharmaceutical company. In the time period shown, Progenics released information that an intravenously administered formulation of their leading product had failed in a Phase III clinical trial. In which of the months shown in the price history is this most likely to have occurred?

Question

Use the figure for the question(s) below.

-The above screen shot from Google Finance shows the price history of Progenics, a pharmaceutical company. In the time period shown, Progenics released information that an intravenously administered formulation of their leading product had failed in a Phase III clinical trial. In which of the months shown in the price history is this most likely to have occurred?

Quizplus · Accepted Answer

The price drop from around $12 to $3 in a short period of time indicates that significant negative news about Progenics was released during this time. This is most likely to have been the Phase III clinical trial failure, and it occurred in March 2008.

Use the Figure for the Question(s) Below