Use the figure for the question(s) below.
-The above screen shot from Google Finance shows the price history of Progenics, a pharmaceutical company. In the time period shown, Progenics released information that an intravenously-administered formulation of their leading product had failed in a Phase III clinical trial. In which of the months shown in the price history is this most likely to have occurred?
A) February 2008
B) March 2008
C) April 2008
D) May 2008

Question

Use the figure for the question(s) below. 
-The above screen shot from Google Finance shows the price history of Progenics, a pharmaceutical company. In the time period shown, Progenics released information that an intravenously-administered formulation of their leading product had failed in a Phase III clinical trial. In which of the months shown in the price history is this most likely to have occurred?
A) February 2008 
B) March 2008 
C) April 2008 
D) May 2008

Quizplus · Accepted Answer

The most likely month for the release of the negative trial results is March 2008, as it shows a significant drop in the stock price, which is a common reaction to negative news about a company's key product, especially when it fails in a late-stage clinical trial.

Use the Figure for the Question(s) Below