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Stock impact report

A Look at PepGen (PEPG) Valuation After Positive Clinical Data and $100M Equity Raise [Yahoo! Finance]

PepGen Inc. (PEPG) 
Company Research Source: Yahoo! Finance
Phase 1 study in myotonic dystrophy type 1 and completed a $100 million equity financing. The clinical update confirms progress for PepGen's lead candidate using its Enhanced Delivery Oligonucleotide technology. In addition, the fresh funding should support ongoing and upcoming studies. Both announcements came within days of each other, giving investors new reasons to revisit their view on what comes next for the stock. Zooming out, it has been a volatile year for PepGen. The stock is down about 43% over the past year, but returns have ticked up by 3% in the past 3 months and another 3% in the past month, hinting at shifting sentiment after these latest developments. Most of the upward movement aligns with the clinical readout and capital raise, breaking a string of underwhelming longer-term performance. Recent quarterly updates had offered little spark, but this sequence of events has clearly changed the tone among investors, at least in the near term. The question now is whether Show less Read more
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