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Monday, April 6, 2020

Immunomedics halts trial on positive data in breast cancer

Immunomedics’ (NASDAQ:IMMU) has halted its Phase 3 confirmatory ASCENT study due to compelling evidence of efficacy.
The remarkable results observed across multiple endpoints warranted early discontinuation of the trial.
The study evaluated sacituzumab govitecan in triple-negative breast cancer.
On another note, the company has appointed Harout Semerjian as President and Chief Executive Officer, effective April 16. Most recently, he served as Executive Vice President, Chief Commercial Officer at Ipsen.
Shares are up 118% premarket.
https://seekingalpha.com/news/3558562-immunomedics-rockets-118-premarket-on-positive-adc-data-in-breast-cancer

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