Shares of ChemoCentryx (NASDAQ: CCXI) , a mid-cap biopharmaceutical company , fell by a noteworthy 41.2% over the course of 2021, according to data provided by market Intelligence - opens in new tab" data-uw-rm-brl="false" data-uw-rm-ext-link="" data-uw-styling-context="true" href="http://marketintelligence.spglobal.com/" target="_blank"> S&P Global Market Intelligence . The drugmaker's shares tanked last year as a result of the protracted regulatory process for its anti-neutrophil cytoplasmic autoantibody (ANCA)-vasculitis medication known as Tavneos (avacopan).
ANCA-vasculitis is an autoimmune disorder characterized by swelling and damage to small blood vessels. The condition reportedly affects approximately 1 out of 50,000 people, with ANCA-vasculitis being most common among middle-aged white men and women.
Image source: Getty Images.
For further details see:
Why ChemoCentryx Stock Tanked in 2021