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Aardvark Therapeutics shares plunge 32% after FDA halts clinical trials for key drug candidate.

Market News
23 Jul 2026
GlobeNewsWire
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Bearish
pluang ai news

Aardvark Therapeutics' stock dropped 32% following the FDA's decision to place a full clinical hold on its lead drug candidate ARD-101, used to treat Prader-Willi Syndrome. This follows a prior 56% drop in March when the company paused its Phase 3 trial due to serious safety concerns involving cardiac issues. The clinical hold affects all ongoing studies under the drug's IND application, raising questions about the drug's safety and efficacy claims. A shareholder rights firm is investigating whether Aardvark misled investors about these issues, and investors with losses are encouraged to come forward.

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Dimensional Fund Advisors discloses 1.26% stake in Prologis Inc as of July 27, 2026

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