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ACLX / Arcellx price target slashed, stock takes a hit as FDA puts hold on clinical trial following patient death

Arcellx price target slashed, stock takes a hit as FDA puts hold on clinical trial following patient death
Analysts at Baird say they still like the long-term outlook for biotechnology company Arcellx Inc (NASDAQ:ACLX) after a clinical trial for its investigational new drug CART-ddBCMA for relapsed or refractory multiple myeloma was put on hold by the US Food and Drug Administration (FDA) following a patient's death. The analysts said they expected the negative regulatory update from Arcellx on Monday night to weigh on the stock, which closed down 7.2% at US$33.23 on Tuesday. Read More
Posted: Jun 20 2023, 16:36
Author Name: Proactive Investors
Views: 1122100

ACLX News  

Are Medical Stocks Lagging Arcellx (ACLX) This Year?

By Zacks Investment Research
November 2, 2023

Are Medical Stocks Lagging Arcellx (ACLX) This Year?

Here is how Arcellx, Inc. (ACLX) and Ardelyx (ARDX) have performed compared to their sector so far this year. more_horizontal

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7 Biotech Stocks to Get In Now Before Investors Catch On

Biotechnology is the source of some of our strongest and growing revolutions. Gene technology allows us to cure incurable diseases and make miracles h more_horizontal

Cancer Drug Approval? 3 Biotech Stocks on the Brink of Breakthroughs

By InvestorPlace
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Cancer Drug Approval? 3 Biotech Stocks on the Brink of Breakthroughs

Autologous chimeric antigen receptor T cell therapy is 0ne of the most promising, relatively new types of cancer treatments. CAR T involves “reprogr more_horizontal

Wall Street Analysts Believe Arcellx, Inc. (ACLX) Could Rally 35.56%: Here's is How to Trade

By Zacks Investment Research
September 4, 2023

Wall Street Analysts Believe Arcellx, Inc. (ACLX) Could Rally 35.56%: Here's is How to Trade

The average of price targets set by Wall Street analysts indicates a potential upside of 35.6% in Arcellx, Inc. (ACLX). While the effectiveness of thi more_horizontal

Arcellx (ACLX) Down on Hold for Lead Program CART-ddBCMA

By Zacks Investment Research
June 21, 2023

Arcellx (ACLX) Down on Hold for Lead Program CART-ddBCMA

Arcellx's (ACLX) study on lead program CART-ddBCMA for treating adult patients with relapsed or refractory multiple myeloma has been put on hold by th more_horizontal

Arcellx price target slashed, stock takes a hit as FDA puts hold on clinical trial following patient death

By Proactive Investors
June 20, 2023

Arcellx price target slashed, stock takes a hit as FDA puts hold on clinical trial following patient death

Analysts at Baird say they still like the long-term outlook for biotechnology company Arcellx Inc (NASDAQ:ACLX) after a clinical trial for its invest more_horizontal

Arcellx, Inc. (ACLX) Reports Q1 Loss, Misses Revenue Estimates

By Zacks Investment Research
May 8, 2023

Arcellx, Inc. (ACLX) Reports Q1 Loss, Misses Revenue Estimates

Arcellx, Inc. (ACLX) came out with a quarterly loss of $0.58 per share versus the Zacks Consensus Estimate of $2.52. This compares to loss of $1.56 pe more_horizontal

Arcellx, Inc. (ACLX) Upgraded to Strong Buy: Here's What You Should Know

By Zacks Investment Research
April 21, 2023

Arcellx, Inc. (ACLX) Upgraded to Strong Buy: Here's What You Should Know

Arcellx, Inc. (ACLX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong more_horizontal


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