SAB takes positives from COVID trial, despite endpoint miss
A new antibody therapy targeting coronavirus has “demonstrated benefit” in a Phase III trial, according to a statement from SAB Biotherapeutics (Nasdaq: SABS), while markets reacted negatively to the top-line results.
Shares in the American company fell 7% in New York on Wednesday, and fell a further 2% in after hours trading.
The slump follows the news that the primary endpoint of the study was not met, after an independent interim review showed there were not enough clinical events to reach a conclusion, following the emergence of the Omicron variant.
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