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Stock impact report

Ultragenyx (RARE) Rockets 15.5% on Bargain-Hunting After Steep Fall [Yahoo! Finance]

Ultragenyx Pharmaceutical Inc. (RARE) 
Last ultragenyx pharmaceutical inc. earnings: 2/13 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultragenyx.com/investor-relations
Company Research Source: Yahoo! Finance
Ultragenyx rebounded by 15.52 percent on Tuesday to close at $22.78 apiece as investors resorted to bargain-hunting following the previous day's steep 46 percent fall, dragged by disappointing clinical trial results for its brittle bone disease treatment. In a statement on Monday, Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) said that two of its phase 3 clinical trials to test the efficacy of setrusumab failed to achieve statistical significance in reducing annual clinical fracture rate as compared to placebo and bisphosphonates. Both studies, however, achieved the secondary endpoints of improvements in bone mineral density (BMD) against comparators. “We are surprised and disappointed by these results, given the promising data from our Phase 2 study and the lack of approved treatment options available to patients with OI (Osteogenesis Imperfecta) who live with significant pain, disability, and disease burden,” said Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) President and CEO Show less Read more
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