This is an interesting one.
More recently, MorphoSys read out mixed data from a phase 3 study of its BET inhibitor pelabresib in myelofibrosis. While the primary endpoint was met, the company’s management had previously communicated that the measure was one of two outcomes needed to make a mark on the myelofibrosis market. Pelabresib failed in the second endpoint, prompting executives to switch up their messaging and stand behind the data.
despite the mixed results, the acquisition price is over 100% premium to their Dec share price average before the take over roumers
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