Biomea Fusion's Stock Plummets to 52-Week Low Amid Analyst Downgrades

Published 3 hours agoBMEA

Biomea Fusion's Stock Plummets to 52-Week Low Amid Analyst Downgrades

Biomea Fusion Inc. has recently seen a significant tumble in its stock value, with shares trading at $1.41 as of May 22, 2025, marking a 52-week low. This represents a sharp decline from its earlier highs, reflecting ongoing challenges faced by the company in the biotechnology sector.

Recent analyst activity has added pressure to Biomea Fusion's stock. Notably, in April 2025, Barclays adjusted their price target for the company from $11.00 to $3.00, while maintaining an "equal weight" rating, reported TickerReport. This was not the first adjustment from Barclays; in June 2024, they downgraded Biomea Fusion from "Overweight" to "Equalweight" and slashed the price target from $30.00 to $5.00 due to a clinical hold on the company's BMF-219 drug candidate, as noted by Investing.com.

The clinical challenges revolve around the FDA's decision to place a hold on Biomea Fusion's Phase I/II trials for BMF-219. The hold stemmed from potential drug-induced liver toxicity observed in trials, raising significant concerns about the drug's safety profile. This, combined with a year-over-year decline of about 84% in stock value, underscores the broader market and company-specific hurdles affecting Biomea Fusion.

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