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Stock impact report

Why Edgewise Therapeutics Stock Rocked the Market Today [Yahoo! Finance]

Edgewise Therapeutics, Inc. (EWTX) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Edgewise Therapeutics › Edgewise Therapeutics (NASDAQ: EWTX) had some rather good news to report from the lab, and investors welcomed it on Wednesday. On that considerable tailwind, the biotech 's share price surged nearly 26% higher on the last trading day before Christmas. That morning, Edgewise presented interim data from its ongoing Phase 2 clinical trial of EDG-7500, an investigational drug targeting hypertrophic cardiomyopathy (HCM). This is a genetic heart condition in which the heart's muscle thickens, affecting its ability to pump blood throughout the body. Edgewise found that, in the B and C parts of the trial, evidence of clinical activity was detected across significant HCM disease markers. Additionally, the drug maintained a favorable safety profile and was generally well-tolerated. The current part D of the trial is a 12-week study, and Edgewise said that over 40 participants are enrolled in the trial. As of Dec. 23, the healthcare Show less Read more
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