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Thursday, December 8, 2022

Design Therapeutics (DSGN) Stock Falls Over 25%: Details

 Wedbush analysts pointed out that the preliminary DT-216 Phase 1 SAD data yielded a 2-fold increase in frataxin mRNA expression, but there were no change in protein expression. And the analysts believe that investor expectations were a bit stretched since only a single dose was administered as part of a SAD study that was a proof-of-mechanism experiment. The second MAD data will include muscle biopsies, but FXN protein expression changes will likely require longer-term DT-216 exposure.

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