Stock Track | ACADIA Pharmaceuticals Plummets 7.37% Intraday on Negative CHMP Opinion for Trofinetide
Stock Track
Mar 03
ACADIA Pharmaceuticals' stock plummeted 7.37% during intraday trading on Monday, following news of a regulatory setback for its drug candidate.
The decline came after the company announced it received a negative opinion from the Committee for Medicinal Products for Human Use (CHMP) for trofinetide for the treatment of Rett syndrome. ACADIA stated it plans to request a re-examination of the opinion.
This regulatory hurdle could impact the drug's approval prospects in Europe, leading to investor concerns and the stock's sharp decline.
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