Bavarian Nordic slumps, as prostate cancer vaccine fails in Phase III

18 September 2017

The shares of Danish biotech firm Bavarian Nordic (OMX: BAVA) were down 50% at 220 Danish kroner on Friday, after it announced that an independent Data Monitoring Committee (DMCB) has determined, based on a pre-planned interim analysis, that continuation of the Phase III PROSPECT study of Prostvac (rilimogene galvacirepvec/rilimogene glafolivec) in patients with metastatic castration-resistant prostate cancer (mCRPC) is futile. The stock made a partial recovery to 242.00 kroner this morning.

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