CanariaBio knocked off its perch by oregovomab failure
Korean immuno-oncology company CanariaBio (Kosdaq: 016790) has taken a stock market battering following the failure of its Phase III trial of oregovomab, an antibody targeting CA125, for ovarian cancer patients.
Shares in the firm have slumped by nearly 70% amid news that the Data and Safety Monitoring Board (DSMB) has recommended halting the study.
According to CanariaBio, the recommendation was made due to the trial not achieving the necessary statistical value in the futility analysis.
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