Why Is Cancer-Focused Tyra Biosciences Stock Falling On Friday?
Portfolio Pulse from Vandana Singh
Tyra Biosciences' stock fell 18.4% after releasing clinical data for TYRA-300, a cancer treatment, showing promising results but also some adverse events. The data will be presented at a major symposium.
October 25, 2024 | 3:34 pm
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Tyra Biosciences' stock dropped 18.4% following the release of clinical data for TYRA-300, which showed promising anti-tumor activity but also some adverse events. The data will be presented at a major symposium.
The stock price drop is likely due to mixed reactions to the clinical data. While TYRA-300 showed promising anti-tumor activity, the presence of serious adverse events and a dose-limiting toxicity may have raised concerns among investors, leading to the stock's decline.
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