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Stock impact report

Immunovant stock falls 8% amid Graves' disease program update Sep. 09, 2024 5:18 PM ET By: Val Brickates Kennedy , SA News Editor [Seeking Alpha]

Immunovant, Inc. (IMVT) 
Company Research Source: Seeking Alpha
of Graves' disease, adding the FDA has cleared it to begin a pivotal trial of its drug candidate IMVT-1402 for the same disease. The biotech company said the Phase 2a study showed high dose batoclimab achieved a 76% response rate in patients who were uncontrolled on anti-thyroid drugs at week 12. Immunovant also said the FDA has cleared its Investigational New Drug application for a pivotal trial of IMVT-1402 in the treatment of Graves' disease. The study is expected to begin by the end of the year, according to a statement Citi said in a note on Monday that Immunovant remains one of its top picks, calling the Phase 2 data encouraging. The investment bank raised its price target to $60 from $51. Immunovant is a subsidiary of Roivant ( NASDAQ: ROIV Recommended For You More Trending News Recommended For You More Trending News Related Stocks In The News Trending Analysis Trending News Show less Read more
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