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News 2026-10-02 18:13 UTC

FHTX Stock Extends Sell-Off After Eli Lilly Collaboration Ends

Foghorn Therapeutics (FHTX) shares dropped over 28% on Friday, extending a previous day's 18% slump, following the termination of its cancer-drug collaboration with Eli Lilly (LLY). The biotech firm announced it would cease development of FHD-909.