Biotech Stocks Plummet After Bone Disease Treatment Failures

TL;DR Summary
Ultragenyx and Mereo's late-stage clinical trial for a rare bone disease drug has failed, marking a significant setback for the development program.
- Ultragenyx, Mereo crash on late-stage bone disease failure Endpoints News
- Ultragenyx shares plunge as bone disease drug fails to reduce fracture rate Reuters
- Mereo BioPharma Announces Phase 3 ORBIT and COSMIC Results for Setrusumab (UX143) in Osteogenesis Imperfecta Yahoo Finance
- These biotech stocks are getting hammered by shocking brittle-bone treatment study results MarketWatch
- Ultragenyx vows 'significant' cutbacks as failed study wipes more than $1 billion from Novato biotech's market value The Business Journals
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