BUZZ-Q32 Bio tumbles after mid-stage trial setback for dermatitis drug

Reuters

2024/12/11

** Shares of drug developer Q32 Bio QTTB.O fall 65.3% to $8.46 premarket

** QTTB, late on Tuesday, said its experimental drug bempikibart failed to meet the main goal in a part of a mid-stage trial studying it in patients with atopic dermatitis

** The two-part trial was evaluating the drug in adults with atopic dermatitis, a condition that causes dry, itchy and inflamed skin

** Co plans to conduct a review to better understand the results

** Up to last close, stock has more than doubled YTD

(Reporting by Christy Santhosh)

((Christy.Santhosh@thomsonreuters.com))

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