Vertex's stock dives as pain drug suzetrigine shows no advantage over placebo in trial, sparking legal probes.
Vertex Pharmaceuticals' stock plummeted after its non-opioid pain drug, suzetrigine, showed similar effectiveness to a placebo in a Phase 2 trial for lumbosacral radiculopathy. Despite meeting the primary endpoint of reducing pain, the drug did not outperform the placebo, causing shares to drop by over 10%. The company plans to continue with Phase 3 trials, but the results have raised concerns among investors and analysts. Block & Leviton is now investigating potential securities law violations.
3 months ago
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