By Kelly Cloonan
Shares of Organogenesis declined after the regenerative medicine company said a trial for an osteoarthritis treatment didn't achieve its primary endpoint.
The stock fell 11%, to $4.16, midday Friday. Shares are up 30% this year.
Organogenesis said Thursday that a second Phase 3 trial for ReNu didn't achieve a statistically significant difference in knee-pain reduction at six months compared with the control group.
ReNu did show improved baseline pain reduction compared with the first Phase 3 trial, though, the Canton, Mass., company said.
ReNu is a cryopreserved amniotic suspension allograft that aims to manage symptoms associated with knee osteoarthritis.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
September 26, 2025 14:09 ET (18:09 GMT)
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