Novartis, Ionis Pharmaceuticals And Other Big Stocks Moving Lower In Tuesday’s Pre-Market Session
U.S. stock futures fell as Novartis plunged 12.7% after pelacarsen’s Phase III trial missed its endpoint; other biotech stocks also declined.
Novartis's new medicine didn't work as well as hoped in testing, so its stock dropped sharply and other medicine companies fell too. When one big company has bad news, people often worry about similar companies, so they sell those stocks as a cautious move.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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