Spyre Therapeutics Says Rheumatoid Arthritis Program Misses Internal Benchmark, Stock Tumbles
Spyre Therapeutics shared Phase 2 SKYWAY trial data for SPY072 in rheumatoid arthritis. The therapy missed internal priority benchmarks.
Spyre's new medicine for a joint disease didn't work as well as the company hoped in testing. When a company's medicine doesn't hit its goals, people worry it might not become a real drug, so the stock price can drop.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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