Iterum Stock Falls 9% Following FDA AdComm Meeting on UTI Drug
Significant Drop for Iterum Stock
Iterum (ITRM) experienced a remarkable 9% decline on the stock market this Tuesday. This drop occurred right on the heels of an FDA advisory panel meeting where discussions centered around the company’s drug candidate targeted at treating urinary tract infections. Investors expressed concerns following the meeting, leading to a quick sell-off.
Impact of FDA AdCommittee Meeting
The FDA AdComm meeting was crucial for Iterum, as it could dictate the future trajectory of their UTI treatment. The feedback from the panel often influences FDA decisions and can significantly affect stock performance, as seen with ITRM’s recent slide. Stakeholders are left anxious about the potential outcome of these discussions and how they may shape Iterum’s prospects.
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