CNAT - CNAT Stock Just Plunged 60%: Should Investors Be Worried?

CNAT stock plunged more than 60% Tuesday. Why? The significant drop comes after Conatus Pharmaceuticals (NASDAQ:CNAT) said twenty-four hours prior that it will be implementing a restructuring plan due to its liver disease drug failing in a mid-stage trial.

Here’s everything we know.

On Monday, June 24, Conatus Pharmaceuticals said it’ll be exploring new options, as well implementing a restructuring plan after its drug emricasan failed to meet its end goals in a mid-stage trial. In this restructuring plan, Conatus plans to reduce staff by around 40%, ...