CymaBay Therapeutics Plummets 40% Following Liver Disease Data

CymaBay Therapeutics (NASDAQCBAY) announced results from an ongoing 52-week Phase 2b dose-ranging, paired liver biopsy study of "seladelpar" for the treatment of nonalcoholic steatohepatitis. Seladelpar is used in development for the treatment of liver diseases.

The results showed reductions in liver fat were minimal and not significant compared to placebo.

CymaBay Therapeutics shares traded down 42 percent to $5.95 in Tuesday's pre-market session.

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