Aclaris Therapeutics Shares Plumb New Depths After Lead Asset Scrapped

By Colin Kellaher

Aclaris Therapeutics shares crumbled nearly 90% and hit an all-time low after the clinical-stage biopharmaceutical company threw in the towel on its most advanced program.

Shares of the Wayne, Pa., company were down 87% on Monday to 60.7 cents after touching an all-time low of 59 cents earlier in the session.

The…

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