LogicBio's market value halves after FDA clinical hold

3 February 2022

Genetic medicine company LogicBio Therapeutics (Nasdaq: LOGC) lost 55% of its stock market value on Wednesday.

The US company had earlier provided an update on the LB-001 clinical development program, namely that the US Food and Drug Administration (FDA) has told LogicBio that its Phase I/II SUNRISE trial of LB-001 in pediatric patients with methylmalonic acidemia has been placed on clinical hold.

No problem with earlier patients

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