Why Seelos Therapeutics Dived by 24% Today

·1-min read
Why Seelos Therapeutics Dived by 24% Today

The stock of Seelos Therapeutics (NASDAQ: SEEL), a clinical-stage biotech that focuses on central nervous system (CNS) afflictions, was hit with an over 24% sell-off on Monday. Seemingly positive clinical trial news was heavily tempered by an analyst downgrade. An open-label study of Seelos' SLS-002 drug aimed at treating acute suicidal ideation and behavior in patients suffering from major depressive disorder produced very promising results.

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