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Here's Why Apellis Pharmaceuticals Fell Today

TheMotleyFool

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Here's Why Apellis Pharmaceuticals Fell TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/0e9d087d-988e-4397-b7cf-6049e2776769.png

Shares of Apellis Pharmaceuticals (NASDAQ: APLS), a clinical-stage biopharmaceutical company, fell on Thursday after Regeneron (NASDAQ: REGN) released top-line data for pozelimab. Investors worried that Apellis' lead candidate APL-2 won't be able to compete and hammered the stock 13.6% lower on Thursday.

Today, Regeneron announced successful results for pozelimab, an experimental treatment for a rare blood disorder called paroxysmal nocturnal hemoglobinuria (PNH). After eight weeks of treatment with the injectible antibody, levels of lactate dehydrogenase (LDH) fell to normal levels for all six patients treated.

Image source: Getty Images.

Source Fool.com

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