Rapt Therapeutics shares are trading lower after the FDA verbally notified clinical hold on the company's Phase 2B trial of zelnecirnon in atopic dermatitis and Phase 2A trial in asthma.
Portfolio Pulse from Benzinga Newsdesk
Rapt Therapeutics' shares dropped following the FDA's verbal notification of a clinical hold on the company's Phase 2B trial of zelnecirnon in atopic dermatitis and Phase 2A trial in asthma.
February 20, 2024 | 5:15 pm
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NEGATIVE IMPACT
Rapt Therapeutics' stock price is likely to experience a short-term decline due to the FDA's clinical hold on key trials of zelnecirnon.
The FDA's clinical hold directly impacts Rapt Therapeutics' ongoing trials, which are critical for the company's future growth and product pipeline. This regulatory setback is likely to shake investor confidence, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100