Cantor Fitzgerald analyst Prakhar Agrawal downgraded Rapt Therapeutics to Neutral from Overweight, stating that there are “too many unknowns” after the company announced that the FDA has verbally notified the company that a clinical hold has been placed on the company’s Phase 2b trial of zelnecirnon, RPT193, in atopic dermatitis and its Phase 2a trial in asthma.
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