After yesterday's 9 percent beating, the Thousand Oaks-based drug firm is down nearly 3 percent, to $55.64. Never mind that it's now hovering at its 52-week low - what investors should really worry about is that Wall Street wants out. At least five different research groups, including Citigroup and Morgan Stanley, lowered their ratings this morning after an FDA advisory panel said that the company's anti-anemia drugs should have additional restrictions on product labels.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Siri versus Hawaiian pidgin (video)Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
New at LA Observed
On the Politics Page
Go to Politics
Sign up for daily email from LA Observed