Are Sirtex’s best days behind it?

Sirtex shareholders have been on a rollercoaster ride. But are its latest clinical trial results really as bad as they look?

Traditionally, the biotech space has been the wild west of the ASX; reserved for gun-slinging investors who feel small-cap mining doesn’t offer enough risk and excitement. Sirtex Medical hasn’t let them down.

After almost doubling to a giddy high of $40 in the space of six months, Sirtex’s share price collapsed 60% on March 17 after the company released the results of a seven-year clinical trial.

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