STAT+: What’s behind the recent surge in Apellis’ stock price? Growing confidence in the safety of its eye treatment
STAT
AUGUST 14, 2023
Shares of Apellis Pharmaceuticals are rebounding, driven by a growing belief among some investors that the serious safety issue that has derailed Syfovre, the company’s eye disease treatment, is receding. Declaring the crisis over is premature, but that could change with more uneventful weeks. Apellis has been a takeout target before, and may be again, at an acquisition price nearly twice its current market value.
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