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Billionaire Stanley Druckenmiller Added to Revolution Medicines Before Its FDA Win. Is the Stock Still a Buy After a 134% Run?
The Motley Fool·
Revolution Medicines received FDA approval for Rasonque, an innovative pancreatic cancer treatment that beat chemotherapy in clinical trials. Billionaire Stanley Druckenmiller's Duquesne Family Office increased its stake by 26.5% in Q2. While the stock has surged 134% and currently trades at a $40B market cap, the analyst suggests waiting for a $5B market cap reduction before buying, citing the need for a better margin of safety in the volatile biotech sector.
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