MPLT Stock Plunges 73% — Wipes Out Over $1B In Market Cap After Trial Miss On Once-Daily Dose
Shares of MapLight Therapeutics (MPLT) closed 73% lower on Monday after the biotech reported mixed results from a mid-stage trial of its experimental schizophrenia drug.The drop erased more than $1 billion in market value, leaving the company’s valuation around $449 million after the selloff.Mixed…