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Stock impact report

Biotech Stock Reverses Course After 'Unwarranted' Decline On Early Data [Investor's Business Daily]

Wave Life Sciences Ltd. - Ordinary Shares (WVE) 
Last wave life sciences ltd. - ordinary shares earnings: 3/2 06:45 am Check Earnings Report
Related news Wave Life Sciences ( WVE ) stock plummeted before reversing into the black Thursday on positive early-stage data for its experimental Duchenne muscular dystrophy treatment. The biotech said its treatment, called WVE-210201, proved safe and tolerable in boys with Duchenne muscular dystrophy. Wave said it will send one of four doses it studied into later-stage testing. It will also test a higher dose in another group of patients. But Wave didn't detail which dose it will send into Phase 2 and Phase 3 testing, Mizuho analyst Salim Syed said. That sent Wave stock into an "unwarranted" decline in midday action. The lack of details disappointed some investors, Syed said in a note to clients. On the stock market today , Wave stock tumbled as much as 10.7%, in higher-than-average volume . But shares reversed course in late action and ended the regular session up 1.4%, at 47.49. Shares of rival Sarepta Therapeutics ( SRPT ) lifted 2.3%, to 125.59. Duchenne muscular dystrophy is o Show less Read more
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