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An ASH That Moves The Ball – And The Ticker Price

 
• By Jessica Merrill

The American Society of Hematology meeting showcased breakthroughs and some ho-hum news, resulting in rollercoaster-like crests and troughs for biotech stocks.

Hitting bigger business target

In a year of notable advances in blood cancer and gene therapy, the American Society of Hematology (ASH) annual meeting Dec. 9-12 presented the opportunity for drug companies to showcase their latest advances. Big news on potentially paradigm-changing medicines were rewarded as investors clung on for a soaring ride, while Wall Street's reaction to less-than-stellar news coming out of ASH was about as blustery as the December snowstorm that hit Atlanta on the opening day.

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