Arsanis value dwindles on pneumonia trial failure
Clinical stage biotech Arsanis (Nasdaq: ASNS) lost 78% of its market value on Thursday amid news that it is to halt a Phase II trial of its pneumonia candidate, ASN100.
The USA-headquartered company, which is focused on applying monoclonal antibody immunotherapies to address serious infectious diseases, made the announcement following the completion of a planned interim analysis of unblinded trial data by an independent data review committee (DRC).
"Arsanis remains confident in the potential of monoclonal antibodies to prevent and treat serious infections"
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