Surprise ALS trial flop hollows out Amylyx stock
Massachusetts, USA-based Amylyx Pharmaceuticals (Nasdaq: AMLX) has announced topline results from the Phase III PHOENIX study.
On Friday, shares in the company were trading at around a fifth of the previous day’s value, as the results showed the study did not meet its primary efficacy endpoint, a measure of efficacy.
There was also no statistical significance seen in secondary endpoints.
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