KRTX - The Biotech Sector Is Heating Up - 2 Names That May Join The Fray Soon
Written by Daniel Cohen and Scott Matusow
Karuna Therapeutics (KRTX), NextCure (NXTC), and Constellation Pharmaceuticals (CNST) are but the latest examples of how the biotech sector has been heating up. All 3 of these names have seen very strong stock appreciation on early impressive data.
KRTX just reported that its developmental drug "KarXT, designed for the treatment of acute psychosis in schizophrenia patients, demonstrated "statistically significant and clinically meaningful reduction" in total positive and negative syndrome scale (PANSS) score compared with a placebo."
Subsequently, even with a very small N 10 patient number, the stock