In­tra-Cel­lu­lar shares mauled as a firestorm of spec­u­la­tion over ad­comm can­cel­la­tion spreads across BioTwit­ter

Ru­mors of bad news can flick­er around the BioTwit­ter world in a heart­beat. And the im­pact can be dev­as­tat­ing.

On Tues­day the tar­get was In­tra-Cel­lu­lar Ther­a­pies $IT­CI, and the ru­mor was pegged to an up­date on the FDA’s web­page that not­ed the agency was can­cel­ing the Psy­chophar­ma­co­log­ic Drugs Ad­vi­so­ry Com­mit­tee meet­ing for Ju­ly 31 and the re­view planned for the biotech’s schiz­o­phre­nia drug, lu­mate­per­one to­sy­late cap­sules.

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