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Snapback Rally Sends Axovant Sciences 10% Higher Today

TheMotleyFool

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Snapback Rally Sends Axovant Sciences 10% Higher Today

One day after shares collapsed 70% in the wake of a disappointing trial failure in Alzheimer's disease, Axovant Sciences (NASDAQ: AXON) is bouncing back by 10% at 3:45 pm EDT today.

Axovant Sciences' long-shot bet that it could profit from resurrecting the Alzheimer's-disease drug intepirdine has failed to pay out.

IMAGE SOURCE: GETTY IMAGES.

Source: Fool.com