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-0.00153374233128831 -0.00153374233128831 -0.00230061349693247 -0.00153374233128831 0.00690184049079753 0.0153374233128834 0.0299079754601227 0.0222392638036811
Stock impact report

Wave crashes on obesity drug update; Kodiak's reboot pays dividends [Yahoo! Finance]

Wave Life Sciences Ltd. - Ordinary Shares (WVE) 
Last wave life sciences ltd. - ordinary shares earnings: 3/2 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Today, a brief rundown of news from Wave Life Sciences and Kodiak Sciences, as well as updates from Pinnacle Medicines and Pulmatrix that you may have missed. Shares of Wave Life Sciences plummeted by more than 50% Thursday on updated early-stage study results for a drug it's testing in obesity. When compared to a placebo, a single, 240 milligram dose of the therapy, WVE-007 , led to a 14% reduction in harmful “visceral” fats and a 3% decline in waist circumference after six months. However, a higher dose didn't appear more to be more potent, and participants lost only 1% of their body weight and 5% of total fat over that timeframe, numbers that fell short of Wall Street benchmarks heading into the results. Still, some analysts rose to Wave's defense. Leerink Partners' Joseph Schwartz wrote that while the results “may be disappointing on the surface,” the therapy's steady impact on measures of body composition were encouraging. Those effects showcase the drug's “differentiated mech Show less Read more
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