Affimed to focus AFM28 efforts outside USA
German biopharma company Affimed Therapeutics (Nasdaq: AFMD) closed Thursday’s New York trading 9% lower.
Alongside presenting its second-quarter financial results, Affimed announced some bad news relating to the development of AFM28, its wholly-owned, bispecific, tetravalent innate cell engager that targets CD16A on NK cells and macrophages, and CD123 on leukemic blasts and leukemic stem cells that are prevalent in acute myeloid leukemia (AML).
Affimed submitted an investigational new drug (IND) application to the US Food and Drug Administration (FDA) in June.
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