BioXcel Therapeutics, Alvotech And Other Big Stocks Moving Lower On Thursday

U.S. stocks traded higher, with the Dow Jones gaining around 200 points on Thursday. Here are some big stocks recording losses in today’s session.

BioXcel Therapeutics, Inc. BTAI shares dropped 62.2% to $6.68 after the company released topline results from TRANQUILITY II Phase 3 trial of BXCL501 for acute treatment of Alzheimer's Disease-related agitation.
Liquidia Corporation LQDA fell 15% to $8.42. Liquidia said it is evaluating claim of patent application from United Therapeutics.
Xiao-I Corporation AIXI declined 12.1% to $5.38. Xiao-I launched generative AI Model.
Disc Medicine Opco Inc IRON dipped 10.8% to $45.65.
Olema Pharmaceuticals, Inc. OLMA fell 10.1% to $8.68.
Minerva Neurosciences, Inc. NERV dropped 9.2% to $9.25. Minerva Neurosciences shares jumped over 69% on Wednesday after the company announced a $20 million private placement priced at a premium to the market.
Alvotech ALVO dropped 8.2% to $6.75 after the FDA issued a complete response letter to second application for AVT02, biosimilar candidate for Humira.
Xeris Biopharma Holdings, Inc. XERS fell 7.6% to $2.44.
Lilium N.V. LILM fell 7.5% to $1.4794.
Cricut, Inc. CRCT dipped 7% to $13.20.
TuSimple Holdings Inc. TSP dropped 6.5% to $2.1599.
Zura Bio Limited ZURA dropped 5.8% to $8.43.