Apogee Stock in Focus After Blackstone Announces $1.3 Billion Deal
Apogee Therapeutics secured up to $1.3 billion in funding from Blackstone Life Sciences to advance its eczema drug zumilokibart through late-stage trials. Shares closed nearly flat at $77.82 after earlier declines on drug data. In a Phase 2 trial, 65.9% of patients on the mid dose reached the main efficacy target. The company plans to move the mid dose into Phase 3 in late 2026.