Why Scholar Rock Holding Stock Topped the Market Today
Biotech stock Scholar Rock (NASDAQ: SRRK) was popular among investors on Wednesday after a positive new analyst note on the company made the rounds. This resulted in the stock bumping nearly 3% higher on the day. That handily beat the S&P 500 index, which itself had a good trading session with a 1.7% advance.Scholar Rock targets relatively uncommon disorders that might lack effective treatments.Its current lead drug candidate -- apitegromab, a medicine that preserves muscle mass in patients with two types of spinal muscular atrophy (SMA) -- is under review for approval by both the U.S. Food and Drug Administration and the European Union's European Medicines Agency (EMA). Continue reading
Biotech stock Scholar Rock (NASDAQ: SRRK) was popular among investors on Wednesday after a positive new analyst note on the company made the rounds. This resulted in the stock bumping nearly 3% higher on the day. That handily beat the S&P 500 index, which itself had a good trading session with a 1.7% advance.
Scholar Rock targets relatively uncommon disorders that might lack effective treatments.
Its current lead drug candidate -- apitegromab, a medicine that preserves muscle mass in patients with two types of spinal muscular atrophy (SMA) -- is under review for approval by both the U.S. Food and Drug Administration and the European Union's European Medicines Agency (EMA).
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