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Stock impact report

Celldex Therapeutics, Inc. Spending Cuts Help Preserve Cash in the 2nd Quarter [The Motley Fool]

Celldex Therapeutics, Inc. (CLDX) 
Last celldex therapeutics, inc. earnings: 11/12 08:01 am Check Earnings Report
US:NASDAQ Investor Relations: ir.celldex.com
Company Research Source: The Motley Fool
The clinical-stage biotech sees bottom-line improvement after slashing spending following a big pipeline setback earlier this year. In many respects, Celldex Therapeutics ( NASDAQ:CLDX ) is a different company than it was in the first few months of this year. Things changed radically for the biotech after it announced on April 16 that its lead candidate, glembatumumab vedotin (glemba), failed to meet the primary endpoint in a pivotal study targeting the treatment of triple-negative breast cancer. Celldex provided an update on its second-quarter performance after the market closed on Wednesday. As you might expect for a clinical-stage biotech like Celldex, there wasn't much for investors to hang their hats on with the financial results. However, Celldex did make some progress toward rebuilding in the second quarter. Here are the highlights from the company's update. Image source: Getty Images. Celldex Therapeutics results: The raw numbers Metric  Show less Read more
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