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Journal Embargoes, News Wording Can Cause Trouble For Companies

By Randall Osborne


Monday, November 10, 2003

Wall Street, sometimes, just doesn't get it.

Contrary to what is often called the "increasing sophistication of biotechnology investors," stock prices that publicly held companies live by can react in strange and painful ways to news that appears positive - and to rumors or ideas about news that might not be.

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