Intellia stock tumbles on safety concerns [Yahoo! Finance]
Hormel Foods Corporation (HRL)
Last hormel foods corporation earnings: 2/20 06:30 am
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Source: Yahoo! Finance
The clinical trial, which is evaluating the company's gene-editing therapy nex-z for the treatment of transthyretin (ATTR) amyloidosis with cardiomyopathy (ATTR-CM), reported a case of asymptomatic Grade 4 elevations in liver transaminases in one patient. The SEC filing dated May 28, 2025, detailed the current status of Intellia's Phase 3 studies, including the MAGNITUDE study, which has enrolled approximately 365 out of an expected 765 patients. The adverse event in question appears to be resolving without hospitalization or medical intervention, with liver enzyme levels improving. Despite this incident, Citizens JMP analyst Silvan Tuerkcan maintained a Market Perform rating on Intellia, suggesting that the adverse event's disclosure might lead to volatility but that several clarifications from management could mitigate concerns. BofA Securities analyst Greg Harrison, while lowering the price target to $39 from $43, reiterated a Buy rating, noting the potential overhang on safety
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HRL
Earnings
- 5/29/25 - Beat
HRL
Sec Filings
- 6/23/25 - Form 8-K
- 6/12/25 - Form 4
- 6/12/25 - Form 4
- HRL's page on the SEC website