Many investors and analysts alike were expecting Aimmune Therapeutics (NASDAQ: AIMT) to become one of the big winners in the biotech world. The company received approval from the U.S. Food and Drug Administration (FDA) for a peanut allergy treatment back in January, so expectations were high as 2020 began.
However, Aimmune has suffered considerably so far this year. Shares have been on a steady decline, with the company losing about 60% of its value so far in 2020. What does this mean for investors considering this biotech company? Is now the time to stock up on shares while they are still cheap, or is Aimmune Therapeutics a little too volatile right now? Let's find out.
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Source Fool.com