Recursion shares fall after Phase II data for REC-994

4 September 2024

Recursion (Nasdaq: RXRX) has seen its shares fall by more than 15% following the announcement of Phase II trial results for REC-994, an investigational treatment for symptomatic cerebral cavernous malformation (CCM).

While the SYCAMORE trial met its primary endpoint of safety and tolerability, investors appeared unimpressed by the lack of significant efficacy results.

The 12-month trial showed that REC-994 demonstrated a similar adverse event profile across placebo, 200mg, and 400mg dosage arms.

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