Aerovate Therapeutics shares are trading lower. The company announced topline results from the Phase 2b portion of IMPAHCT trial of AV-101 for pulmonary arterial hypertension.
Portfolio Pulse from Benzinga Newsdesk
Aerovate Therapeutics shares are trading lower following the announcement of topline results from the Phase 2b portion of the IMPAHCT trial of AV-101 for pulmonary arterial hypertension.
June 17, 2024 | 2:32 pm
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NEGATIVE IMPACT
Aerovate Therapeutics shares are trading lower after the company announced topline results from the Phase 2b portion of the IMPAHCT trial of AV-101 for pulmonary arterial hypertension.
The announcement of topline results from a clinical trial is a significant event for biotech companies. The market's negative reaction suggests that the results may not have met investor expectations, leading to a decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100