Elicio Thera tanks on disappointing Phase II AMPLIFY-7P study

15 June 2026

Elicio Therapeutics (Nasdaq: ELTX) saw its shares plummet nearly 74% to $3.92 in early trading today, after it reported results from its randomized Phase II AMPLIFY-7P study evaluating ELI-002 7P in patients with adjuvant mKRAS-driven pancreatic ductal adenocarcinoma (PDAC) following completion of standard locoregional therapy.

Boston, USA-based Elicio is a clinical-stage biotechnology company developing next-generation immunotherapies for mKRAS-driven cancers. It went public in 2023 via a reverse merger with Angion Biomedica. The company reported a net loss for 2025 of $39.5 million, compared to $51.9 million for 2024.

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