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Edgewise Therapeutics, Inc.

13.58

-1.9400-12.50%

Pre-market: 12.99-0.5900-4.34%08:01 EDT

Volume:7.73M

Turnover:104.23M

Market Cap:1.29B

PE:-9.38

High:14.90

Open:14.90

Low:12.59

Close:15.52

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Quasi-New Stocks-7.51%

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News

Edgewise Therapeutics Downgraded Following Safety Issues in Heart Drug Trial

Edgewise Therapeutics Says Believes Atrial Fibrillation Not Driven by EDG-7500 in Phase 2 Trial, RBC Says

MT Newswires Live

Edgewise Therapeutics Cut to Sector Perform From Sector Outperform by Scotiabank

RBC Lowers Price Target on Edgewise Therapeutics to $52 From $56, Keeps Outperform, Speculative Risk

MT Newswires Live

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The brokerage lowered its rating to Sector Perform from Sector Outperform and cut the stock's price target to $14 from $50. Shares fell 18.4% to $12.66 as of 11:36 a.m. Eastern Time on Thursday.GuruFocus has detected 3 Warning Signs with EWTX.Hypertrophic cardiomyopathy was the subject of the study. This is a disease where the heart muscle gets thicker, which can block blood flow and cause heart failure. The company revealed some good results from the study, but Scotiabank pointed out some adverse events that could make it hard to sell the drug.The company says that two of the trial participants got dangerous cases of atrial fibrillation and that one person quit the study because they felt a little dizzy. 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