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Stock impact report

Kodiak: Turnaround Strategy Has Shown Life Thus Far [Seeking Alpha]

Kodiak Sciences Inc (KOD) 
Last kodiak sciences inc earnings: 11/12 05:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Murat Photo/iStock via Getty ImagesKodiak SciencesNASDAQ:KODdegeneration, which was a major setback. This failed data was reported in February of 2022 and the stock tanked by 80% on this announcement. However, it had a chance for recovery with the release of data from another study using this very same drug for the treatment of patients with macular edema due to retinal vein occlusion (RVO). As such, it succeeded because this particular phase 3 study, known as BEACON, where the primary endpoint of the study was achieved.The large reason for a turnaround is because of management's ability to alter the design for the BEACON study and the other ongoing studies. However, even with this positive data established the ability to turn things around is not yet complete. Thus, investors remain disappointed for the time being and the share price has not budged much. I think the reason why the stock price has not moved much since is because of the fact that they may want to see how the remaining Show less Read more
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