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Bluebird’s stock falls 21% as it says it will focus on U.S. market for gene therapies, citing ‘European payers’

Bluebird's stock falls 21% as it says it will focus on U.S. market for gene therapies, citing 'European payers'

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Shares of Bluebird Bio Inc. BLUE, -3.25% were down 21.6% in premarket trading on Monday after the company announced several setbacks to its business as part of its second-quarter earnings announcement. Bluebird plans to wind down its gene therapy operations in Europe, citing “European payers,” which are primarily governments there.

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