Recursion Pharmaceuticals Stock Is Sliding Tuesday: What's Going On?
Portfolio Pulse from Adam Eckert
Recursion Pharmaceuticals (NASDAQ:RXRX) shares fell after announcing Phase 2 trial results for REC-994 in treating Cerebral Cavernous Malformation. While the trial met safety endpoints, no significant improvements in patient outcomes were observed at 12 months. The company plans further studies and discussions with the FDA.
September 03, 2024 | 1:28 pm
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Recursion Pharmaceuticals' stock declined after announcing Phase 2 trial results for REC-994, which met safety endpoints but showed no significant patient outcome improvements at 12 months. The company plans further studies and FDA discussions.
The stock price of Recursion Pharmaceuticals dropped due to the mixed results of their Phase 2 trial for REC-994. While safety endpoints were met, the lack of significant improvements in patient outcomes likely led to investor disappointment, causing the stock to decline. The company's plans for further studies and FDA discussions indicate ongoing development, but the immediate market reaction is negative.
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