2023-03-20 16:06:21 ET
- KUR-501, an autologous CAR-NKT gene therapy in phase 1 from Athenex ( NASDAQ: ATNX ), has been placed in a clinical hold following an investigation into a patient death.
- The company is also planning to conduct a safety risk mitigation.
- The stock closed Monday down ~28% .
- Athenex said the patient was heavily pretreated and died about three weeks after product administration.
- The company is eying reopening the trial mid year. However, it conceded that there are "no assurances that the clinical hold will be lifted or when it will be lifted."
- CEO Johnson Lau also said Athenex ( ATNX ) will pursue "a broader range of strategic alternatives."
- Seeking Alpha's Quant Rating views Athenex ( ATNX ) as a strong sell.
For further details see:
Athenex phase 1 neuroblastoma candidate trial hit by patient death; down 28%