Investors turned off by Cartesian’s news hat-trick
Cartesian Therapeutics (Nasdaq: RNAC), a biotech seeking to develop mRNA cell therapies for autoimmune diseases, was trading nearly 20% lower early in Tuesday’s trading.
The US company earlier announced three separate news updates, a couple relating to its drug development activities, and the other to its financial position.
Firstly, Cartesian announced positive topline results from its Phase IIb trial of Descartes-08 in patients with generalized myasthenia gravis (MG).
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