Another setback for DBV Technologies' peanut allergy candidate
Despite trying to put a positive spin on another regulatory setback for French biopharma company DBV Technologies’ (Euronext: DBV) peanut allergy candidate, battered investors sent the firm’s stock down 12% to less than $2 in pre-market trading. The stock has fallen 95% over the past five years.
DBV revealed it has received feedback from the US Food and Drug Administration (FDA) in the form of a partial clinical hold on its VITESSE (Viaskin Peanut Immunotherapy Trial to Evaluate Safety, Simplicity and Efficacy) Phase III clinical study.
Previous hitches
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