Why Cogent Biosciences stock is down today after its FDA filing for bezuclastinib
Cogent Biosciences shares fell 2.7% to $36.88 Tuesday after the company submitted a New Drug Application to the FDA for bezuclastinib in nonadvanced systemic mastocytosis. The filing follows positive trial data and an FDA Breakthrough Therapy Designation. The broader biotech sector also declined, with major ETFs down more than 1%.