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Why Is Spyre Therapeutics Stock tumbling Today? - Spyre Therapeutics (NASDAQ:SYRE)
Spyre Therapeutics shared Phase 2 SKYWAY trial data for SPY072 in rheumatoid arthritis. The therapy missed internal priority benchmarks.
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biopharmadive.com
Spyre tumbles as immune drug misses mark in rheumatoid arthritis
The results erased more than $1 billion in market value and raised questions about how impactful drugs that block the TL1A protein might be against the condition.
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endpoints.news
Spyre drops rheumatoid arthritis hopes for anti-TL1A drug after modest Phase 2 data
Spyre deprioritizes anti-TL1A drug SPY072 in RA after Phase 2 misses its bar; shares dip 12% as SKYLINE UC data nears in September.
