Bellerophon Therapeutics Stock Nosedive: Here's Why
Portfolio Pulse from Vandana Singh
Bellerophon Therapeutics announced top-line results from its Phase 3 REBUILD trial for INOpulse, which failed to meet its primary endpoint. The trial showed minimal difference between INOpulse and the placebo, with none of the secondary endpoints reaching statistical significance. Shares of BLPH are down 85%.
June 05, 2023 | 2:57 pm
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Bellerophon Therapeutics' INOpulse failed to meet its primary endpoint in the Phase 3 REBUILD trial, causing the stock to plummet 85%.
The failure of INOpulse to meet its primary endpoint in the Phase 3 REBUILD trial is a significant setback for Bellerophon Therapeutics. This negative outcome directly impacts the company's stock price, as it raises concerns about the future prospects of the drug and the company's ability to generate revenue from it. As a result, investors are selling off their shares, causing the stock price to drop significantly.
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