Mor­phic’s stock falls af­ter new da­ta sug­gest low­er-than-ex­pect­ed ef­fi­ca­cy for its ul­cer­a­tive col­i­tis pill 

Mor­phic Ther­a­peu­tic saw its shares $MORF slide by 25% Fri­day to about $38 af­ter da­ta from a small Phase IIa tri­al showed its in­flam­ma­to­ry bow­el …

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