Ascendis Pharma struggles after report of Yorvipath patient death

Published 3 weeks ago Neutral
Ascendis Pharma struggles after report of Yorvipath patient death
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[Dark, death and body of person in hospital on bed for healthcare, medical or tragic accident. Eternity, mortality and rest with cadaver of patient in clinic for afterlife, emergency or mistake]
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* Ascendis Pharma at one point on Monday was down ~12% before closing off just 2.5% after the FDA adverse event report database was updated to reflect the death of an individual taking the hypoparathyroidism drug Yorvipath (palopegteriparatide).
* The database entry indicated [https://fis.fda.gov/sense/app/95239e26-e0be-42d9-a960-9a5f7f1c25ee/sheet/6b5a135f-f451-45be-893d-20aaee34e28e/state/analysis]that the patient also had HER2+ breast cancer and experienced reactions including hypocalcemia, hypocalcemic seizures, and postoperative wound infection.
* A death reported to the FDA Adverse Event Reporting System does not necessarily mean a drug the patient was taking contributed to it.
* Analyst Luca Issi of RBC Capital, who rates Ascendis at outperform, said that given the patient had breast cancer, had a complex clinical situation, and was on multiple medications, it is uncertain if Yorvipath caused or is even correlated with the death.

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