Why FibroGen Fell by More Than 9% on Wednesday

·2-min read
Why FibroGen Fell by More Than 9% on Wednesday

The rising stock market had many winners on Wednesday, but alas for its shareholders FibroGen (NASDAQ: FGEN) wasn't one of them. Goldman Sachs analyst Paul Choi has downshifted his recommendation for FibroGen stock. Choi's concern is the company's leading product, roxadustat, which targets anemia due to chronic kidney disease.

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