Vigil Neuroscience shares are trading lower. The company announced an update following a Type C Meeting with the U.S. Food and Drug Administration to its clinical development strategy for its IGNITE clinical trial evaluating iluzanebart in people with adult-onset leukoencephalopathy with axonal spheroids and pigmented glia.
Portfolio Pulse from Benzinga Newsdesk
Vigil Neuroscience shares are trading lower after the company announced an update following a Type C Meeting with the FDA regarding its clinical development strategy for the IGNITE trial evaluating iluzanebart.
July 18, 2024 | 4:18 pm
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NEGATIVE IMPACT
Vigil Neuroscience shares are trading lower following an update on its IGNITE clinical trial after a Type C Meeting with the FDA. The update likely raised concerns about the trial's progress or regulatory hurdles.
The announcement of an update following a Type C Meeting with the FDA typically indicates significant regulatory discussions that could impact the trial's timeline or success. The market's negative reaction suggests investor concerns about potential delays or issues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100