Aeglea Plunges On Updated Data For Arginase 1 Deficiency Candidate, Wells Fargo Downgrade

Aeglea Plunges On Updated Data For Arginase 1 Deficiency Candidate, Wells Fargo DowngradeShares of Aeglea Bio Therapeutics Inc (NASDAQ: AGLE) were slumping Tuesday following the release of data from an early-to-mid- stage trial of its lead product candidate pegzilarginase for treating Arginase 1 deficiency, or ARG1-D. ARG1-D is a debilitating urea cycle disorder caused by deficiency of a key arginine metabolizing enzyme, leading to neurological abnormalities, hyperammonemia and early mortality. Wells Fargo Securities downgraded shares of Aeglea from Outperform to Market Perform following the data release.

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