Cabaletta Bio Inc (CABA)

Cabaletta Bio Inc Stock (CABA) dropped by 26.79% from $18.70 to $13.69 in the trading on Tuesday November 28, 2023. The reason why CABA stock down today is due to FDA investigation into CAR-T therapy risks. The U.S. Food and Drug Administration (FDA) announcing an investigation into the potential risk of T-cell malignancies associated with BCMA- or CD19-directed autologous CAR-T cell immunotherapy treatments. Investors reacted to the FDA's investigation by selling off Cabaletta Bio stock, causing CABA's share price to plummet.