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Stock impact report

Wave Life (WVE) Shares Nearly Triple on Encouraging Obesity Drug Trial [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
Wave Life Sciences nearly tripled its share price on a week-on-week basis, as investors positioned their portfolios after the encouraging results of its obesity drug clinical trial, sparking rosy prospects for the company in a highly coveted industry. At intra-week trading, Wave Life Sciences Ltd. (NASDAQ:WVE) soared by as much as 190 percent to touch a new six-year high of $21.73 before trimming gains to finish the week just up by 121 percent. This followed stellar results from the first phase of its clinical trial to test the efficacy of WVE-007 on obese patients, where enrollees' body composition significantly improved. According to Wave Life Sciences Ltd. (NASDAQ:WVE), WVE-007, taken in just three months, resulted in a 4.5 percent total fat loss, 9.4 percent visceral fat reduction, and a 3.2 percent increase in lean mass. Notably, investors cheered the drug candidate's safety and tolerability results, having no recorded serious adverse reactions during the course of the t Show less Read more
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