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Why is Akero Therapeutics Inc (AKRO) Stock down?

10 Oct, 2023:

Akero Therapeutics Stock (AKRO) dropped by 62.61% from $48.54 to $18.15 in the trading on Tuesday October 10, 2023. The reason why AKRO stock down today is due to the 36-week analysis of a Phase 2b SYMMETRY study evaluating the efficacy and safety of its lead product candidate efruxifermin (EFX). EFX didn't meet the primary endpoint of the phase 2b study.

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