After the highly anticipated study on cognitive function in schizophrenia failed to meet its primary clinical endpoint, biopharmaceutical company Alto Neuroscience Inc (ANRO) suffered a sharp decline in after-hours trading, plunging by 18.8% and closing at $19.01.
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The failure of this key clinical trial has undoubtedly delivered a significant blow to investors’ expectations regarding the outlook of the company’s core pipeline.
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