Fulcrum value cut in half by FDA clinical hold

27 February 2023

US rare diseases specialist Fulcrum Therapeutics (Nasdaq: FULC) lost more than half of its stock market value on Friday.

This followed the news that the US Food and Drug Administration (FDA) had informed the company that it has issued a full clinical hold regarding the Investigational New Drug (IND) application for FTX-6058 for the potential treatment of sickle-cell disease.

"We continue to have confidence in the benefit-risk profile of FTX-6058"

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