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0 0.00298507462686578 0.00298507462686578 0.00298507462686578 0.00467661691542287 -0.00328358208955222 -0.0155223880597015 -0.0159203980099502
Stock impact report

Neurogene Stock: Gene Therapy Specialist May Break Chain Of Failed Mergers [Seeking Alpha]

Neurogene Inc. (NGNE) 
Company Research Source: Seeking Alpha
The company is progressing two drug candidates, NGN-401 for Rett Syndrome and NGN-101 for CLN5 Batten Disease, with key milestones planned for 2024. Neurogene's success will depend on the outcome of its clinical programs and the potential of its proprietary "transgene regulation technology" platform. Investment Overview In December last year, Neurogene Inc. NASDAQ: NGNE ) joined the Nasdaq via a merger with the failing biotech Neoleukin Therapeutics, which had itself gained access to the public markets, via a merger with Aquinox Pharmaceuticals in 2019. Aquinox - a biotech focused on developing drugs targeting inflammation and hematological cancers - was acquired by Sun Pharmaceuticals subsidiary Taro Pharmaceuticals for just $8.2m in July 2020, while NeoLeukin's drug candidate NL-201, a combined IL-2 and IL-15 agonist, was shelved last year. These two failures speak to how difficult the drug development arena can be, especially for smaller biotechs, but the payoff for inve Show less Read more
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