ASIT on the slide after trial setback
ASIT Biotech (Euronext: ASIT) looked set to close almost 10% down after Monday’s trading at around 5.26 euros ($5.88) due to some bad news on its gp-ASIT+ candidate for the treatment of grass pollen rhinitis.
The Belgian company, which is focused on the research, development and future commercialization of breakthrough immunotherapy products for allergies, has reported comments from the German health authority the Paul Ehrlich Institute (PEI), and presented detailed Phase III results on gp-ASIT+ at the European Academy of Allergy and Clinical Immunology congress (EAACI 2017) in Helsinki.
"For this study, we had to deal with an atypical pollen season"
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