Acelyrin's Izokibep Fails to Meet Primary Endpoint in Phase 2b/3 Psoriasis Trial, Stock Plummets
• Acelyrin's stock price plummeted after its investigational drug, izokibep, failed to achieve the primary endpoint in a Phase 2b/3 clinical trial for moderate-to-severe psoriasis.
• The trial results were described as "painfully disappointing" by analysts, leading to a significant reduction in the company's price target by Jefferies.
• Despite the setback, all five analysts covering Acelyrin maintain a "strong buy" rating, though the consensus price target is now significantly higher than the current stock price.
• Izokibep, a potentially best-in-class IL-17A inhibitor, showed promise in previous trials, but this outcome raises concerns about its efficacy in psoriasis.