Bellicum battles on despite share-shattering setback for lead therapy
Shares in US cell therapy specialist Bellicum Pharmaceuticals (Nasdaq: BLCM) were worth more than a quarter less on Thursday morning than they were on Tuesday.
The drop to below $6 came about after the US Food and Drug Administration (FDA) placed a clinical hold on studies going on in the USA of BPX-501, Bellicum’s lead therapy, following three cases of brain damage which could be related to the treatment. The patients were taking the drug to support allogeneic stem cell transplants.
But Bellicum is continuing with its ongoing European BP-004 registration trial of BPX-501, which is being investigated in children with hematological cancers or orphan inherited blood disorders in which BPX-501 is administered after initial allogeneic haploidentical stem cell transplantation (HSCT).
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