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Stock impact report

Why Xeris Biopharma Stock Zoomed 7% Higher on Wednesday [Yahoo! Finance]

Xeris Biopharma Holdings, Inc. (XERS) 
Last xeris biopharma holdings, inc. earnings: 3/11 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
10 stocks we like better than Xeris Biopharma › A competitor's setback was Xeris Biopharma 's (NASDAQ: XERS) gain on Hump Day. On news that a potential commercial threat to one of its three commercialized drugs had been neutralized (at least for now), investors piled into Xeris stock, sending it to a more than 7% price gain. A bullish analyst note reinforced this positive sentiment. That would-be rival is Xeris's fellow biotech Corcept Therapeutics . Wednesday morning, the company announced that the U.S. Food and Drug Administration (FDA) had not approved its relacorilant, a medication used to treat hypertension (high blood pressure) associated with the hormonal disorder hypercortisolism, also known as Cushing's syndrome. In the FDA's complete response letter , Corcept stated in a press release that the regulator cited the lack of additional evidence of the drug's effectiveness as a key reason behind its decision. Corcept has vowed to continue attempting to get the treatment ap Show less Read more
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