Clinical TrialsThe study did not show signs that the magnitude of effects can drive cognitive benefit in treated patients, and a larger study would be required to evaluate cognitive benefits.
Drug Development ChallengesThe negative stock reaction is likely due to the implications of adding a higher third dose level to the trial, which delays advancement with expanded treatment of more patients at an optimal dose level.
Financial PerformanceOpEx came in above projections, reducing the price target from $22 to $20.