SLN Stock Down Despite Cholesterol Drug Lowering Lipoprotein Levels
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Silence Therapeutics' stock (SLN) declined despite positive results from a phase II study of their cholesterol drug, zerlasiran, which successfully lowered lipoprotein levels. The decline is attributed to concerns about the drug's competitive profile.
November 20, 2024 | 5:15 pm
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Silence Therapeutics' stock fell despite successful phase II results for their cholesterol drug, zerlasiran, due to concerns about its competitive profile.
The stock price decline is likely due to investor concerns about the competitive landscape for cholesterol drugs, despite the positive clinical trial results. This suggests that while the drug is effective, it may face challenges in the market.
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