FDA puts Advaxis' cancer drug trials on hold following patient death

7 October 2015

Biotech firm Advaxis (Nasdaq: ADXS) said the US Food and Drug Administration has put on hold mid-stage trials of its cancer drug candidate axalimogene filolisbac following the death of a patient.

Shares in the company tumbled over 22.5% to $7.99 in pre-market trading following the news.

The US based company said the trials will remain paused until the FDA's concerns have been addressed saying the hold will impact four clinical trials of the therapy.

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