Why ProQR Therapeutics Stock Got Slammed Again Monday
For the second trading day in a row, investors sold off shares of ProQR Therapeutics (NASDAQ: PRQR). The clinical-stage biotech's shares were hit by a series of analyst downgrades and price target cuts in the wake of the company's latest report about a once-promising drug candidate. The stock closed Monday's session down by 10.1%.
On Friday, ProQR published a dispiriting update about sepofarsen, a drug candidate that it hoped would successfully treat a type of Leber congenital amaurosis, an eye disorder. In a phase 2/3 clinical trial, sepofarsen not only failed to meet its primary endpoint, it also failed to meet any notable secondary endpoints.
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Source Fool.com