MacroGenics shares are trading lower after the company announced TAMARACK study data will not be presented at the ASCO Annual Meeting.
Portfolio Pulse from Benzinga Newsdesk
MacroGenics shares dropped following the announcement that TAMARACK study data will not be presented at the ASCO Annual Meeting.
April 03, 2024 | 8:40 pm
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MacroGenics shares declined after the announcement regarding the TAMARACK study data not being presented at the ASCO Annual Meeting.
The announcement directly impacts MacroGenics as it suggests a potential delay or issue with the TAMARACK study, which could be critical for the company's pipeline. This news likely leads to negative investor sentiment in the short term, as presentations at major conferences like ASCO can significantly influence a biotech company's valuation.
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