Patient death and trial hold rocks Affimed
Shares in Affimed (Nasdaq: AFMD) have fallen more than a quarter since the firm announced it was putting on hold development of AFM11, after the occurrence of Serious Adverse Events (SAEs) in three patients.
The news wiped off gains stemming from a recently-announced collaboration with Swiss giant Roche (ROG: SIX) that could be worth up to $5 billion. The trial stoppage does not affect that program.
The German blood cancer specialist will work with Roche, using its proprietary Redirected Optimized Cell Killing (ROCK) platform, which makes use of natural killer cells and T cells, in order to boost the efficacy of immunotherapies.
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