In better times for biotechnology companies, the release of abstracts of the American Society of Clinical Oncology (ASCO) meeting would provide more positive than negative stock price reactions. But a press release and then an abstract drop ahead of ASCO dashed investors’ expectations for one small biotech company and provided warnings on wider issues for much bigger ones.
SpringWorks Therapeutics Inc.’s management was probably hoping to ride the combination one-two punch of a press release on its...
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