The company's stock has lost over 4.5% in five days. On Monday, Verve announced it received a clinical hold letter from the FDA that outlined the information required to resolve the clinical hold on Verve-101.
Also Read: Best Penny Stocks
According to the company, Verve-101 is a novel, investigational gene editing medicine designed to be a single-course treatment to permanently turn off the PCSK9 gene in the liver to reduce disease-driving low-density lipoprotein cholesterol. Verve-101 is currently being evaluated in the heart-1 Phase 1 clinical trial in New Zealand and the United Kingdom, the company said.
The FDA has also requested available clinical data from the ongoing heart-1 trial. In addition, the agency has requested that Verve modify the trial protocol in the United States to incorporate additional contraceptive measures and to increase the length of the staggering interval between dosing of participants. Verve intends to submit a response as expeditiously as possible, the company said.
Verve is the 30th largest holding of ARKK with a weight of 0.29%. The stock has gained over 43% in last six months.
Read Next: Alibaba, Nio Stocks Mixed: Hang Seng Opens On Cautious Note As Recession Fears Grip Markets
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
