Retrophin Down On Neurological Disorder Drug Study Failure
Zacks Investment Research | Aug 23, 2019 07:38AM ET
Shares of Retrophin, Inc. (NASDAQ:RTRX) lost 22% after it announced the failure of its late-stage study evaluating fosmetpantotenate in patients with pantothenate kinase-associated neurodegeneration (PKAN), a rare genetic neurological disorder.
Notably, shares of the company have plunged 40.1% in the year so far compared with the .
Acorda’s loss per share estimates have narrowed from $3.59 to $2.74 for 2019 in the past 60 days.
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