Prima Biomed Backpedals After Inconclusive PFS
Shares of Australia’s Prima Biomed Ltd. were jolted Wednesday after top-line data from the company’s Phase II study of cancer vaccine candidate Cvac showed no observed difference in estimated median progression-free survival (PFS) compared to control in epithelial ovarian cancer patients in first or second remission. On the Nasdaq Global Market – the first of the company’s public markets to react to the news – shares (NASDAQ:PBMD) fell 74 cents, or 31.3 percent, to close at $1.61.
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