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Why Scholar Rock Stock Got Socked on Monday

TheMotleyFool

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Why Scholar Rock Stock Got Socked on Monday: https://g.foolcdn.com/editorial/images/837605/person-checking-medicine-on-a-shelf-in-a-pharmacy.jpg

A potential delay in an important submission was the news item driving Scholar Rock's (NASDAQ: SRRK) share price down as the trading week kicked off. On Monday, the biotech's shares fell by more than 13% as a result, contrasting unfavorably with the 1.6% gain of the S 500 (SNPINDEX: ^GSPC).

In a tersely worded post on its website, Scholar Rock divulged that a third-party manufacturing facility it uses, Catalent Indiana, has been tagged by the Food and Drug Administration (FDA) as being Official Action Indicated (OAI).

Image source: Getty Images.

Source Fool.com