ACELYRIN shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight. The company's Part B of a Phase 2b/3 trial of izokibep for Hidradenitis Suppurativa recently failed to meet its primary endpoint.
Portfolio Pulse from Bill Haddad
ACELYRIN's stock is trading lower following a downgrade by Morgan Stanley from Overweight to Equal-Weight. This comes after the company's Part B of a Phase 2b/3 trial of izokibep for Hidradenitis Suppurativa failed to meet its primary endpoint.
September 13, 2023 | 4:08 pm
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ACELYRIN's stock is expected to trade lower due to the downgrade by Morgan Stanley and the failure of its clinical trial.
The downgrade by Morgan Stanley, a major financial institution, is likely to negatively impact investor sentiment towards ACELYRIN. Additionally, the failure of the company's clinical trial indicates potential issues with its product pipeline, which could further depress the stock price.
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