ARTICLE | Product Development
Immunomedics doubles in value on Phase III update for TNBC therapy ahead of June PDUFA; names Semerjian CEO
April 6, 2020 10:03 PM UTC
Updated on Apr 6, 2020 at 11:51 PM UTC
After halting a Phase III trial early due to efficacy in the difficult setting of triple-negative breast cancer, Immunomedics named a new, commercially-experienced CEO to help the biotech transition into a commercial launch phase.
Immunomedics Inc. (NASDAQ:IMMU) doubled in value Monday, adding more than $2 billion in market cap after the biotech said it was stopping the Phase III ASCENT trial of sacituzumab govitecan in triple-negative breast cancer early based on a unanimous recommendation by the trial's DSMB. ...
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