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Home » Investors not so hot on Burning Rock despite breakthrough designation for multi-cancer diagnostic
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Investors not so hot on Burning Rock despite breakthrough designation for multi-cancer diagnostic

Jan. 3, 2023
By Annette Boyle
Burning Rock Biotech Ltd.’s share price flared up on Tuesday morning on news of U.S. FDA breakthrough device designation for its Overc multi-cancer detection blood test (MCDBT). The stock closed on Dec. 30, 2022, at $2.26 and rose sharply on the announcement to open at $2.89. By the end of the day, however, the stock had sunk to $2.15.
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