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Why Adagio Therapeutics Stock Is Falling Again Today

TheMotleyFool

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Why Adagio Therapeutics Stock Is Falling Again 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

Adagio Therapeutics (NASDAQ: ADGI) stock is getting beaten down again after a lousy day on Tuesday. Disappointing news regarding the clinical-stage biotechnology company's lead candidate, ADG20, pushed the stock 19.4% lower as of 1:14 p.m. ET on Wednesday.

Adagio Therapeutics' lead candidate is an experimental antibody treatment for COVID-19 that is currently in clinical trials for the treatment and prevention of COVID-19. On Nov. 29, the biotech stock rocketed higher after the company told investors that ADG20 could probably handle the omicron variant.

Image source: Getty Images.

Source Fool.com

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