Allogene back on track after clinical trial hold withdrawn
Off-the-shelf cancer med company Allogene Therapeutics (Nasdaq: ALLO) has been cleared to resume clinical trial work after the US regulator determined its technology was not at fault for an observed chromosomal abnormality in a patient.
Announced in October 2021, the trial hold hollowed out the firm’s stock price, as investors worried that its technology could be fatally flawed.
Despite the apparently positive outcome, shares in the company ticked downwards following the announcement.
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