Agennix plunges as talactoferrin fails in NSCLC Ph III trial
Germany and USA-based drug discoverer Agennix (FSE: AGX) saw its shares plummet 74% to 0.49 euros after reporting disappointing results from a Phase III trials with its investigational non-small cell lung cancer (NSCLC) drug talactoferrin alfa, calling into question the company’s future, according to analysts at EP Vantage, a unit of EvaluatePharma.
“The swift and steep decline was because this latest failure comes only six months after the drug bombed in sepsis - which had left NSCLC the only development option open to talactoferrin, and Agennix’ only hope of turning its fortunes around,” the analysts commented.
Failed to meet primary endpoint
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