This Looks Like A Buy
From both the perspective of Merus' price, and the price of others in the sector it has been following (Valeant, Concordia) this looks like a good trade right now at 1.60. I question whether this is the best time to purchase Merus with all the uncertainty from brexit, but I do think this is cheap, and will go up to 1.80 if not 2.00 within a reasonable timeframe (1-3 months).
Either that, or people get the jitters and push this down closer to 1.50 before it starts the recovery. Either way, I'm happy to put money in at 1.60 and see if I can purchase more if it goes down. Merus is in a much better position than other companies it has been punished with.
Thoughts?