Talaris tanks after patient death in Phase III trial
Thursday’s trading wiped more than 43% off the value of Talaris Therapeutics (Nasdaq: TALS), a US cell therapy firm developing treatments in solid organ transplantation and severe immune and blood disorders.
Markets were reacting to the company’s update on its Phase III FREEDOM-1 study of FCR001 in living donor kidney transplant (LDKT) recipients.
This week, the company received a report of a patient death, which triggered a pre-specified, temporary stopping requirement and review by the FREEDOM-1 Data Monitoring Committee (DMC).
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