bluebird bio plunges as financials and business update displease

10 August 2021

US biotech bluebird bio (Nasdaq: BLUE) yesterday reported financial results and business highlights for the second quarter ended June 30, 2021, which failed to impress investors, so the stock tumbled 27.5% to $18.16 by close of trading.

Total revenues were $7.5 million for the three months ended June 30, 2021 compared to $198.9 million in the like 2020 period. Net loss was $241.7 million for the 2021 three months compared to $21.5 million a year ago.

FDA clinical hold

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