Agios Pharmaceuticals Shares Drop 23% Following Novo Nordisk's Positive Trial Results
Agios Pharmaceuticals (NASDAQ: AGIO) shares fell 23% following Novo Nordisk's (NYSE: NVO) announcement of positive phase 3 trial results for its sickle cell treatment, etavopivat. Agios' own trial for mitapavit did not show statistically significant results in reducing sickle cell pain crises, leading to investor concerns.
Topics: clinical trial outcomes pharmaceutical competition sickle cell disease stock price movement