Why Is Skin Disorders Focused Acelyrin Stock Trading Lower Today?
Portfolio Pulse from Vandana Singh
Acelyrin Inc (NASDAQ:SLRN) announced topline results from a Phase 2b/3 trial evaluating izokibep for moderate-to-severe Hidradenitis Suppurativa (HS). The primary endpoint did not meet statistical significance, but showed early responses and no safety issues. The stock price fell by 58.80% in premarket trading.
September 12, 2023 | 12:28 pm
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NEGATIVE IMPACT
Acelyrin's stock price fell by 58.80% following the announcement of the Phase 2b/3 trial results. The primary endpoint did not meet statistical significance, but showed early responses and no safety issues.
The stock price fell significantly due to the announcement of the trial results. Although the primary endpoint was not met, the early responses and lack of safety issues may provide some reassurance to investors. However, the immediate impact is negative due to the failure to meet the primary endpoint.
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