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Connect Biopharma's stock dropped on Tuesday. What's going on?

ResultsRead the original at benzinga.com
Neutral

The Phase 2 trial missed its primary goal. It showed improved lung function and clean safety, so the result is mixed for Connect Biopharma.

CNTB · Connect Biopharma Holdings Limited

AI read · Neutral

The AI's read

Connect Biopharma released topline Phase 2 results for rademikibart. The trial missed its main endpoint despite a ~66% drop in treatment failures, and it showed a positive lung function secondary plus clean safety. Those facts pull different ways, so I treat the news as neutral for the company.

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