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Stock impact report

Viridian Therapeutics: Disconnect Between Fundamentals And Share Price In 2023 [Seeking Alpha]

Immunovant, Inc. (IMVT) 
Company Research Source: Seeking Alpha
Negative biotech sentiment was partly to blame, as well as Tepezza's Y/Y net sales declines, and some internal turmoil with two CEO changes. These events overshadowed many positive developments in the company's TED pipeline, and more recently, the pipeline expansion with two preclinical anti-FcRn candidates. In today's article, I provide an overview of this year's developments and the outlook for 2024 and beyond. Looking for more investing ideas like this one? Get them exclusively at Growth Stock Forum. Learn More » Shares of Viridian Therapeutics NASDAQ: VRDN ) performed poorly this year, even if we consider the underperformance of biotech stocks. The stock is down more than 20% year-to-date, and even more from my very bullish late January article . Not all of this year's developments were positive, but on a net basis, I believe they are as we have seen the progress and de-risking of the TED pipeline and important pipeline expansion with the addition of two preclinical anti- Show less Read more
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