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uniQure sheds 30% after data for Huntington’s disease candidate

Jun. 21, 2023 8:24 AM ETuniQure N.V. (QURE)By: Dulan Lokuwithana, SA News Editor8 Comments
Red arrow And dollar finance decline graph- Stock image

Baris-Ozer

Dutch biotech uniQure N.V. (NASDAQ:QURE) fell ~30% pre-market Wednesday after announcing interim data from its Phase 1/2 trial for AMT-130 in the treatment of neurogenerative disorder Huntington’s disease.

Citing up to 24 months of follow-up data from 26 patients, uniQure (QURE

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Comments (8)

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Crashbuyer profile picture
At 10.55/share today June 21, market cap on 47.58M shares is 501M, but QURE has 315M cash on hand and business prospects for therapies apart and far beyond the clinical trials being discussed today. IMHO it is a strong buy.
StKar profile picture
@Crashbuyer QURE also won 100m milestone (announced yesterday) + recently sold part of royalty rights for 375m. Cash should be much higher now. Have I misinterpreted something?
H
Time to add. Qure was pleased with the results.
A
I am not seeing the reason for the drop. What have I missed?
H
@A_Nony_Mouse_99
Neither do I? I am perplexed
n
@A_Nony_Mouse_99 Nothing, there's a reason non-mega cap HC is THE bread and butter of institutional insider trading (one day 40% swings don't grow on trees). This has minimal to do with the LT- it never does, but as long as you know when good or bad updates are coming, why hold through it? Everyone who sold leading up to this will now buy back in, easy 30+% gain without shedding any upside. While not allowed, there will never be enough resources to stomp it out so it's going nowhere. :-(
StKar profile picture
@nousername74 mHTT data look pretty bad to me though. Could mean that treatment is not working the way it is supposed to
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