Allogene Therapeutics Loses 23% Year to Date: How to Play the Stock?
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Allogene Therapeutics has experienced a 23% decline in its stock price year-to-date due to strategic changes in its drug pipeline, delaying its lead drug's market entry by at least two years.
December 02, 2024 | 7:30 pm
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Allogene Therapeutics' stock has dropped 23% year-to-date due to strategic pipeline changes, delaying its lead drug's market entry by at least two years.
The significant drop in Allogene's stock price is directly linked to the delay in its lead drug's market entry, which is a critical factor for investors. The delay impacts future revenue expectations and investor confidence, leading to a negative short-term price impact.
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