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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·
Billionaire Stanley Druckenmiller Added to Revolution Medicines Before Its FDA Win. Is the Stock Still a Buy After a 134% Run?

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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