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Stock impact report

Assessing Eledon Pharmaceuticals (ELDN) Valuation After Phase 2 Kidney Transplant Trial Results and Phase 3 Prospects [Yahoo! Finance]

Eledon Pharmaceuticals, Inc. (ELDN) 
Company Research Source: Yahoo! Finance
While the main goal was not fully met, the data points to meaningful preservation of kidney function. See our latest analysis for Eledon Pharmaceuticals. Shares of Eledon Pharmaceuticals have taken a steep dive recently, with the share price dropping over 49% in a single day and more than 52% over the past week following news from the Phase 2 trial. This latest setback has added to what has been a tough 12 months for long-term holders, reflected in a 57% decline in total shareholder return, though the company's advancement toward Phase 3 keeps the door open for a potential turnaround if clinical results improve and market sentiment shifts. If the ups and downs of biotech spark your curiosity, now is a good time to see what else is happening across the industry. See the full list for free. With the share price in freefall but analyst targets suggesting substantial upside, it is worth asking: are investors overlooking possible long-term value here, or is the market already facto Show less Read more
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