Why did IMCL tank large pre 'good' news??

Quote from vhehn:

the first rumors were that the drug was rejected. if you look at many other bios and also their partner BMY, they all tanked at the same time. looks like somebody got bad info.

bmy sold off a drop but ran up 31 area... then pulled off to 29 and change... trading down today (or at least last time i checked it...)

in terms of these types of stocks ive been following GNTA and GTOP for "cancer-Co's" and in terms of trading...
 
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