Neumora Therapeutics, Inc. is a biopharmaceutical company focused on developing innovative therapies for neurodegenerative diseases and psychiatric disorders
The company utilizes a precision medicine approach to target underlying biological mechanisms and aims to create treatments that significantly improve the lives of patients suffering from these conditions. By leveraging advanced drug discovery and development techniques, Neumora is dedicated to addressing unmet medical needs in the field of neuroscience, with a mission to enhance therapeutic outcomes and promote better mental health.
U.S. stocks turned lower toward the end of trading, with the S&P 500 falling more than 1% on Monday. The Dow traded down 0.64% to 37,741.18 while the NASDAQ fell 1.68% to 15,902.96. The S&P 500 also fell, dropping, 1.14% to 5,065.04.
Shares of Ultragenyx Pharmaceutical Inc. (NASDAQRARE) fell sharply during Monday’s session after the company revealed new data from the Phase 1/2 study of GTX-102 for Angelman syndrome, a genetic disorder causing developmental disabilities and nerve-related symptoms.
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 100 points on Monday. The Dow traded up 0.35% to 38,114.61 while the NASDAQ rose 0.07% to 16,187.02. The S&P 500 also rose, gaining, 0.26% to 5,136.94.
Neumora Therapeutics faces setbacks as FDA halts Phase 1 trial of NMRA-266 due to convulsion concerns in rabbits. Phase 1 study paused; company working with FDA for resolution.
