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A confirmed trial discontinuation and an active securities investigation create near-term downside pressure and heightened uncertainty; historical biotech cases show post-failure selloffs can persist until legal or clinical clarity arrives, though positive pipeline readouts can cushion declines if credible.
What happened, with direct paths to the underlying reporting
argenx disclosed that an independent committee found UNITY in Sjögren's disease unlikely to meet its primary endpoint, prompting Phase 3 discontinuation and a roughly 10% pre-market drop. Simultaneously, the company reported positive Phase 2 results for FB102 in celiac disease. A securities-law investigation by SueWallSt/Levi & Korsinsky adds legal risk and uncertainty to the stock's near-term trajectory.
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