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Tuesday, January 12, 2010

RNAi Therapeutics Portfolio Update: RXi Pharmaceuticals (Sell)

I have decided to sell all of RXi Pharmaceuticals in the RNAi Therapeutics model portfolio (for $4.49). This is partly an opportunistic move that comes after a remarkable meteoric ~200% run-up from its all-time low of $1.51 in the absence of a change in fundamentals (a recent overview can be found here), and a new CEO that needs to be able to learn as fast as the stock price has risen. I will keep the proceeds as cash for now, as I continue to research one particular company as a potential candidate for re-investing the proceeds. Stay tuned.

Disclaimer: Investments in RNAi Therapeutics are highly risky and not suited for most people. The purpose of the blog and model portfolio is to convey a sense of the dynamics in the field and is NOT an endorsement for making related investments. I also have financial interests in some of the companies included in the portfolio. I do not, however, have short positions in any of those.

4 comments:

Anonymous said...

PNAS article now online...would be interested in your comments

Anonymous said...

Good sale........

Anonymous said...

Do you believe that the recent price movement in RXi lends credence to the rumors that they are about to forge a partnership with a major biotech/big pharma company? I enjoy reading your blog. Thank You

Dirk Haussecker said...

It would almost seem so. I'm not sure though what the potential partner sees in RXi. IMO, they are critically deficient in viable delivery technologies and their access to Tuschl is limited which makes it a little less likely that they are being approached for that reason. From the data that I have seen, there is nothing magical about self-delivering siRNAs. Whatever the reason, it would be a good sign for the continued/resurgent interest in Big Pharma in RNAi Therapeutics.

By Dirk Haussecker. All rights reserved.

Disclaimer: This blog is not intended for distribution to or use by any person or entity who is a citizen or resident of, or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject the author or any of his collaborators and contributors to any registration or licensing requirement within such jurisdiction. This blog expresses only my opinions, they may be flawed and are for entertainment purposes only. Opinions expressed are a direct result of information which may or may not be accurate, and I do not assume any responsibility for material errors or to provide updates should circumstances change. Opinions expressed in this blog may have been disseminated before to others. This blog should not be taken as investment, legal or tax advice. The investments referred to herein may not be suitable for you. Investments particularly in the field of RNAi Therapeutics and biotechnology carry a high risk of total loss. You, the reader must make your own investment decisions in consultation with your professional advisors in light of your specific circumstances. I reserve the right to buy, sell, or short any security including those that may or may not be discussed on my blog.