Why Krystal Biotech Shares Are Trading Lower By 12%? Here Are Other Stocks Moving In Monday's Mid-Day Session
Portfolio Pulse from Lisa Levin
The article lists the stocks that gained and lost the most during Monday's mid-day trading session. Among the gainers were Vistagen Therapeutics, Save Foods, Poseida Therapeutics, and Missfresh Limited, all of which saw significant jumps in their share prices due to various positive developments. On the other hand, Sage Therapeutics, Tivic Health Systems, Yellow Corporation, and Quantum-Si incorporated were among the biggest losers, with their shares tumbling due to negative news such as worse-than-expected results and regulatory setbacks.
August 07, 2023 | 5:28 pm
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NEGATIVE IMPACT
Sage Therapeutics shares tumbled 49.2% after the company announced the FDA issued a Complete Response Letter for the New Drug Application for zuranolone in the treatment of adults with major depressive disorder.
Regulatory setbacks, especially for a company's lead drug candidate, can have a significant negative impact on its stock price, which is what happened with Sage Therapeutics.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Vistagen Therapeutics shares jumped 747.6% after the company announced its Phase 3 PALISADE-2 trial met the primary and secondary endpoints.
Positive clinical trial results are a major catalyst for biotech stocks, which is why Vistagen's shares jumped significantly.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100