Wednesday, January 15, 2014

Seeking Alpha: Tekmira Rides A Big Day In RNAi

It was only the day after Christmas when I mentioned that Tekmira (TKMR) was a name that investors should think about investigating as a potentially cheaper play on RNA interference (RNAi) than better-known representatives of the class like Alnylam Pharmaceuticals (ALNY) and Isis Pharmaceuticals (ISIS). The stock had done pretty well since then (up about 20% in two weeks), but news of a deal with Monsanto (MON) gave another boost to the shares.

Now I'm starting to wonder if things are getting a little too crazy in RNAi-land. Alnylam was up very strongly on news of its partnership with Sanofi (SNY) and Tekmira too was up more than one-third in the peak of excitement over the Monsanto deal. Don't get me wrong, I think the Monsanto agreement is a nice feather in the company's cap and something that could become meaningful in a couple of years. I just think it's a little bold for the Street to factor in 50% of the deal value as more or less a given.

Read more here:
Tekmira Rides A Big Day In RNAi

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