J&J sends AnaptysBio lower with mid-stage trial data for anti-inflammatory agent

On a white surface are pills and torn paper with the inscription - ULCERATIVE COLITIS

Despite premarket gains, shares of AnaptysBio (NASDAQ:ANAB) turned lower on Wednesday following disappointing mid-stage trial data for Johnson & Johnson’s (NYSE:JNJ) anti-inflammatory agent JNJ-67484703, designed similar to ANAB’s lead asset rosnilimab.

An abstract released ahead of a European medical event

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