Why Is Hepatitis Player Eiger BioPharma Stock Trading Lower Today?
Portfolio Pulse from Vandana Singh
Eiger BioPharmaceuticals Inc (NASDAQ:EIGR) has discontinued its Phase 3 LIMT-2 study of peginterferon lambda in patients with chronic hepatitis delta (CHD) due to safety concerns. The company will now focus on advancing avexitide in hyperinsulinemic hypoglycemia indications. The company's shares are down 36.20% at $0.44 during the premarket session.

September 13, 2023 | 11:49 am
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NEGATIVE IMPACT
Eiger BioPharmaceuticals' decision to discontinue its Phase 3 LIMT-2 study could negatively impact its stock price in the short term.
The discontinuation of the Phase 3 LIMT-2 study due to safety concerns could negatively impact investor confidence in Eiger BioPharmaceuticals, leading to a decrease in its stock price. The company's decision to focus on avexitide could potentially offset some of this negative impact, but it's unclear at this time how successful this strategy will be.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100