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Stock impact report

Amylyx Refocuses On Avexatide As LUCIDITY Milestone Raises Stakes [Yahoo! Finance]

Amylyx Pharmaceuticals, Inc. (AMLX) 
Company Research Source: Yahoo! Finance
Amylyx Pharmaceuticals has completed recruitment for its pivotal Phase 3 LUCIDITY trial of Avexatide for post bariatric hypoglycemia. The company is shifting its core focus toward Avexatide while preparing for a potential expedited regulatory submission once top line data are available later this year. Amylyx has also nominated AMX318, a GLP 1 antagonist, as a new development candidate and is refining its broader pipeline. Amylyx Pharmaceuticals (NasdaqGS:AMLX) is drawing attention as the market weighs this shift in focus and the importance of the LUCIDITY trial. The stock trades at $14.11, and the 1 year return of 368.8% contrasts with a weaker 3 year record, which shows a 60.7% decline. Year to date, the share price is up 23.6%, while shorter term moves over 7 and 30 days have been more muted, with declines of 4.1% and 1.3% respectively. For investors watching clinical and pipeline catalysts, the combination of a fully enrolled pivotal trial and a fresh GLP 1 antagonist can Show less Read more
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