Ultragenyx shares are trading lower after the company announced interim Phase 1/2 data in patients with Angelman Syndrome after treatment with GTX-102.
Portfolio Pulse from Benzinga Newsdesk
Ultragenyx shares are trading lower following the announcement of interim Phase 1/2 data for GTX-102 in patients with Angelman Syndrome, indicating potentially disappointing results.
April 15, 2024 | 12:36 pm
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Ultragenyx's stock price is trading lower due to potentially disappointing interim Phase 1/2 data for GTX-102 in treating Angelman Syndrome.
The trading lower of Ultragenyx's shares is directly linked to the interim data announcement for GTX-102, which may have not met investor expectations for efficacy or safety in treating Angelman Syndrome. This negative reaction is typical when biotech companies release data that may be perceived as underwhelming or when the data fails to meet the high expectations set by the market or the company itself.
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