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Stock impact report

Solid Biosciences shares slide 5% premarket after update of FDA clinical hold on its main product candidate [MarketWatch]

Solid Biosciences Inc. (SLDB) 
Last solid biosciences inc. earnings: 8/14 07:25 am Check Earnings Report
US:NASDAQ Investor Relations: investors.solidbio.com/investor-relations
Company Research Source: MarketWatch
Solid Biosciences shares slide 5% premarket after update of FDA clinical hold on its main product candidate Solid Biosciences Inc. shares SLDB, +2.38% slid 5% in premarket trade Wednesday, after the company offered an update on a trial of its main drug candidate, a treatment for Duchenne muscular dystrophy, or DMD, that was placed on partial clinical hold by the U.S. Food and Drug Administration last November. The company caused a stir in January, when it revealed the clinical hold hours before its IPO. The company said it has received a letter from the FDA regarding the hold on the trial called Ignite DMD of its SGT-001 therapy. The company will submit a response in the coming weeks, but the FDA said it has satisfactorily addressed manufacturing issues that led to a partial clinical hold on the high dose of the therapy in the trial. "We believe SGT-001 has the potential to significantly benefit patients with DMD. We are working with the FDA to better understand the unexpected even Show less Read more
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