Why Is 4D Molecular Therapeutics Stock Trading Lower On Thursday? Genetic Disease-Focused Study Data Released
Portfolio Pulse from Vandana Singh
4D Molecular Therapeutics (NASDAQ: FDMT) released data from its 4D-710 Phase 1/2 AEROW study for cystic fibrosis lung disease. The data showed positive results in terms of safety and efficacy, but the stock is trading 14.8% lower at $23.23.
June 06, 2024 | 4:43 pm
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4D Molecular Therapeutics released positive data from its 4D-710 Phase 1/2 AEROW study for cystic fibrosis lung disease. Despite the promising results, the stock is down 14.8%, likely due to market reactions to the data and future uncertainties.
The stock price decline of 14.8% suggests that investors may have concerns about the data or future uncertainties despite the positive results. The market reaction could be due to the decision not to further evaluate the higher dose or other factors not immediately clear from the data.
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