Larimar Therapeutics shares are trading lower after the company reported top-line data from the Phase 2 dose exploration study from the 25 mg and 50 mg cohorts of nomlabofusp in patients with Friedreich's ataxia.
Portfolio Pulse from Benzinga Newsdesk
Larimar Therapeutics shares dropped following the announcement of top-line data from the Phase 2 study of nomlabofusp in Friedreich's ataxia patients.
February 12, 2024 | 1:58 pm
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NEGATIVE IMPACT
Larimar Therapeutics' stock price declined after the company announced top-line data from its Phase 2 study of nomlabofusp in patients with Friedreich's ataxia.
The announcement of top-line data from a significant Phase 2 study typically has a direct impact on a biotech company's stock price. Negative or underwhelming results can lead to decreased investor confidence and a drop in stock price, as seen with Larimar Therapeutics.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100