FULC stock has faced significant challenges, with a 58% drop in the past month due to the failure of its late-stage FSHD drug, losmapimod. However, the company is pivoting to pociredir, a promising sickle cell disease treatment with Fast Track and Orphan Drug designations, which could drive future growth if 2025 trial results are positive. Current valuation metrics suggest the stock is undervalued, trading at a price/book ratio of 0.81, well below the industry average of 3.89.