Why Annovis Bio (ANVS) Stock Is Getting Hammered
Portfolio Pulse from Henry Khederian
Annovis Bio Inc's stock (ANVS) fell by 20.6% after the company announced a delay in releasing Phase III study data for buntanetap in Parkinson’s Disease due to data cleaning efforts. The company remains blinded to the data, with statistical analysis pending, and commits to open communication regarding the study results.
January 24, 2024 | 4:39 pm
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Annovis Bio Inc's stock price plummeted due to the delay in releasing important Phase III study data for its Parkinson’s Disease treatment, buntanetap.
The significant drop in ANVS stock price is directly related to the delay in releasing Phase III study data, which is a critical milestone for the company. Delays in clinical trials can lead to investor concern about the potential success and timeline of the drug development, which in turn can negatively impact stock prices in the short term.
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