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Here's Why Grail Stock Slumped Again Today

TheMotleyFool 
0 0 23.02.26
Here's Why Grail Stock Slumped Again Today: https://g.foolcdn.com/editorial/images/857539/top-stocks-to-buy.jpg
 

Grail (NASDAQ: GRAL) stock came under even more pressure today, declining by more than 16% by 12:40 a.m. The move comes as the market continues to digest the unpalatable news that hit the market on Friday. The news wasn't good, but there is a pathway to recovery, however tenuous it might appear now.

I discussed the game-changing event on Friday. Simply put, the company's trial of its Galleri multi-cancer early detection (MCED) with England's National Health Service (NHS) failed to meet its primary endpoint of demonstrating a "statistically significant Stage III-IV reduction" in cancer detection rates.

Image source: Getty Images.

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Source Fool.com

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