Here's Why Ra Pharmaceuticals Inc. Tumbled as Much as 32% Today [The Motley Fool]
RA PHARMACEUTICALS (RARX)
Last ra pharmaceuticals earnings: 11/7 07:00 am
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Source: The Motley Fool
Investors find fault in Ra's phase 2 initial data for its lead drug. Sean Williams ( TMFUltraLong ) Jun 27, 2017 at 4:24PM What happened Shares of Ra Pharmaceuticals ( NASDAQ:RARX ) , a clinical-stage drug developer with a keen focus on developing therapies to treat rare diseases, tumbled as much as 32% on Tuesday after announcing its initial data for its phase 2 trials involving experimental drug candidate RA101495 as a treatment of paroxysmal nocturnal hemoglobinuria (PNH). PNH is a disease characterized by the destruction of red blood cells by the complement system, an innate portion of the immune system. So what According to the early morning press release, the dose-finding phase 2 study found no safety or tolerability concerns, a near-complete inhibition of hemolytic activity, and "rapid decline in lactate dehydrogenase (LDH)" at week seven
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