Investors Cheer Acelyrin's Stock, Its Second Lead Candidate Shows Clinical Benefit In Thyroid Eye Disease Patients
Portfolio Pulse from Vandana Singh
Acelyrin Inc (NASDAQ:SLRN) released positive Phase 1/2 trial data for lonigutamab in thyroid eye disease, showing rapid improvements in symptoms with no serious adverse events. A Phase 2b/3 trial is planned for the second half of 2024. SLRN shares rose 6.53% to $8.48.
March 20, 2024 | 4:34 pm
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Acelyrin Inc's positive trial results for lonigutamab in thyroid eye disease and the subsequent share price increase of 6.53% to $8.48.
The positive outcome from the Phase 1/2 trial of lonigutamab in treating thyroid eye disease significantly boosts investor confidence in Acelyrin Inc, as evidenced by the 6.53% increase in its stock price. The announcement of a planned Phase 2b/3 trial for the second half of 2024 further solidifies the company's commitment to developing this treatment, potentially leading to continued investor interest and stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100