Vyvgart, Argenx’s blockbuster, failed to beat placebo in Sjögren’s.

The setback is unusual for a company that has racked up a series of autoimmune wins.

Vyvgart blocks the FcRn receptor so the body clears IgG antibodies faster, which works in antibody-driven diseases.

Argenx shares fell 13% Thursday morning.

How each outlet framed it
STAT leans critical
highlights setback as unusual given Argenx's track record of autoimmune disease wins, notes immediate 13% stock decline

Sources: STAT