BioMarin Pharmaceutical shares are trading lower following strong dwarfism drug data from rival Ascendis.
Portfolio Pulse from Benzinga Newsdesk
BioMarin Pharmaceutical shares are experiencing a decline due to strong clinical data from Ascendis Pharma's competing dwarfism drug.
September 16, 2024 | 5:26 pm
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BioMarin Pharmaceutical shares are trading lower as Ascendis Pharma released strong data for its competing dwarfism drug, potentially impacting BioMarin's market position.
The decline in BioMarin's stock is directly linked to the competitive threat posed by Ascendis Pharma's strong clinical data. This could affect BioMarin's market share and revenue from its own dwarfism treatment.
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