Erytech drops 20% as it gives up on Graspa in hypersensitive ALL

26 August 2022

Franco-American biopharma Erytech Pharma (Nasdaq: ERYP) lost 20% of its market value on Thursday.

This followed the company’s announcement that it is to stop further plans to pursue a Biologics License Application (BLA) submission seeking an approval for Graspa (eryaspase) in hypersensitive acute lymphoblastic leukemia (ALL) following feedback from the US Food and Drug Administration (FDA).

"It is in the best interests of the company and its shareholders to ... focus its resources on its preclinical programs and strategic partnering activities"

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