The Traderszone Network

Published in TZ Latest News 13 September, 2017 by The TZ Newswire Staff

Is the Sell-Off of Intercept Pharmaceuticals Stock Overblown?

Last year, a letter written by Chinese scholar Zeng Gong in 1080 sold for more than $30 million. It became the world’s most expensive letter. However, a letter issued by Intercept Pharmaceuticals (NASDAQ: ICPT) on Tuesday could be viewed as even more expensive: It knocked more than $350 million off the biotech’s market cap. 

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