** Shares of drug developer Regenxbio RGNX.O fall 19.4% to $8.31 after hours
** Co says US FDA declined to approve its gene therapy RGX-121 for the treatment of a rare neurodegenerative disease called Hunter syndrome
** Co says FDA outlined several reasons for not approving the gene therapy, including uncertainty regarding the study eligibility criteria
** Co plans to work with FDA on a path forward to resubmit the marketing application
** RGNX gained 86.3% in 2025
(Reporting by Sneha S K)
((Sneha.SK@thomsonreuters.com))