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Stock impact report

Why Intellia Therapeutics Stock Plummeted by 20% Today [Yahoo! Finance]

Intellia Therapeutics, Inc. (NTLA) 
Last intellia therapeutics, inc. earnings: 2/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.intelliatx.com/investor-overview
Company Research Source: Yahoo! Finance
witnessed one analyst's negative reaction to it, the company's share price closed more than 20% lower. Intellia, which is a clinical-stage biotech developing medications using cutting-edge, genome-editing technology, delivered its latest news that morning. The company unveiled the results from a phase 2 trial of its NTLA-2002, which targets hereditary angioedema (HAE), a swelling disorder. The 27-patients study saw the treatment reduce monthly angioedema attack rates by 86% to 81%. In a group of 11 patients using a higher dose of the drug, eight had a complete response to treatment, i.e., they experienced no attacks for up-to eight months after dosing. Intellia said that NTLA-2002 was generally well tolerated and demonstrated no serious adverse events. The company talked up the findings of the study, quoting CEO John Leonard as saying that "We are highly encouraged by these results, which we believe sets NTLA-2002 apart from other prophylaxis treatments." He added that "What Show less Read more
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