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Benzinga
Benzinga
Business
Vandana Singh

MoonLake Immunotherapeutics Stock Plummets After Phase 3 Data Readouts

MoonLake
Market, Down, Creative,Crash,Recession,Chart,With,Falling,Red,Arrow.,Business,And

MoonLake Immunotherapeutics‘ (NASDAQ: MLTX) stock price fell off a cliff Monday after it reported week-16 results from its Phase 3 VELA-1 and VELA-2 trials.

The trials used HiSCR75—a 75% reduction in abscess and inflammatory nodule count with no increase in abscesses or draining tunnels—as the primary endpoint.

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