Keryx (KERX) Falls Out Of Warp
BOSTON, MASSACHUSSETS – Nearly three weeks after positive FDA news and a miss on earnings, the share price of Keryx Biopharmaceuticals (KERX) continued to lag. The drop surprised investors who were bullish on the news that Auryxia was given the FDA's green light for an additional indication for patients with iron deficiency anemia. However, there is a stunning new development that may have caused investors and traders to dump their shares.
Trendsmasher has learned that a deal to name Captain Kirk (William Shatner) as spokesperson for the fledgling biopharmaceutical company has failed to materialize, causing anxiety among investors.
“It was supposed to be a done deal,” said Leonard Bones, a spokesperson for Shatner. “William was really excited to get back into uniform and take Keryx to the moon and beyond.”
Shatner, who has previously lent his fame to Priceline (PCLN), was rumored to be despondent over the missed opportunity, drowning his sorrows in bottles of aged whisky.
“I couldn’t believe it,” said Shatner. “I was all ready to sign when they hit the deal with a photon torpedo. All I needed was another chance to hop back into the old uniform."
Ironing Out The Details
Keryx CEO Greg Madison was hesitant to discuss the failed deal with Shatner but noted that even though falling share price was causing investors financial pain, he sees a bright future for the company.
“Keryx is going to go where no Keryx has gone before,” said Madison. “We hope that investors will trust that our enterprise will end up being profitable while helping people in need."
Investor Response Set On 'Meh'
Hedge fund manager Bryce Sulu declined to throw shade at Keryx for not closing the deal with William Shatner.
"At the end of the day all that matters is results," Sulu said. "If the company's drugs perform well the share price will go up. If they perform really well, I'm hoping for a buyout down the road."
"This stock doesn't do anything," said Peter Roddenberry of NCC-1701 Investments. "I have a whole bunch of it and it just plods along. At least having Captain James T. Kirk himself repping the company would have been something."
Mary Nimoy, an emotionless day trader with Vulcan Trading, was unsurprisingly even-tempered in her response. "According to my calculations, the signing of William Shatner would have caused a temporary momentum spike that would have faded by 9:52AM on the day it was announced. In theory, this would have caused a nearly undetectable anomaly in the price of KERX."
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The Valley Report