Eli Lilly trial update on kidney drug hurts Tectonic

Eli Lilly trial update on kidney drug hurts Tectonic

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MSN/Seeking Alpha
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Shares of Tectonic Therapeutic (NASDAQ:TECX) plunged on Tuesday after a federal website on clinical trials indicated that Eli Lilly (NYSE:LLY) has terminated a mid-stage trial for its experimental kidney disease therapy volenrelaxin, a treatment similar to TECX's lead asset TX45.