Clinical Trial UncertaintyThe interim analysis built into the KOASTAL study adds an element of uncertainty for investors, contributing to the negative stock reaction.
Market SentimentRecent share weakness, with NMRA shares down 33% since a recent high, is attributed to potential market disappointment over the timing of data announcements.
Regulatory ChallengesNMRA recently experienced its own setback with NMRA-266, its lead candidate, facing an FDA clinical hold.