Why Recursion Pharmaceuticals Stock Took a Hit on Monday
And what sparked this dramatic exit from Recursion? Well, a competitor, of course. Because biotech is really just a game of who’s got the latest shiny thing. On Friday, Biodexa, a U.K.-based company, announced it had moved forward with a phase 3 trial for its drug eRapa. This is a treatment for familial adenomatous polyposis (FAP) – a rare genetic disease that, left unchecked, turns into colorectal cancer. So, you know, just a small matter of life and death. No biggie.