Seattle Genetics drops leukemia drug lintuzumab as it fails to meet Ph IIb primary endpoint
Shares of US biotech firm Seattle Genetics (Nasdaq: SGEN) fell 4.5% to $12.15in morning trading, after the company announced that its Phase IIb clinical trial of lintuzumab (SGN-33) in older patients with acute myeloid leukemia (AML) did not meet its primary endpoint of extending overall survival. As a result, the company said, it will discontinue its development program for lintuzumab.
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