NewLink shares fall on late-stage trial changes [MarketWatch]
NEWLINK GENETICS (NLNK)
Last newlink genetics earnings: 2/28 09:00 am
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investors.linkp.com/investor-relations
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Source: MarketWatch
NewLink shares fall on late-stage trial changes NewLink Genetics Corp. NLNK, -13.87% shares fell as much as 15% in premarket trade Monday after the company said it won't proceed as planned with a late-stage trial of its indoximod for advanced melanoma. The company will instead look at the possibility of another randomized evaluation of the drug for melanoma, a decision made after "the failure of a competitor's trial... in a similar clinical setting," NewLink said, referring to the failure of a similar drug in a Merck MRK, +3.30% and Incyte INCY, -1.25% trial earlier this month . The phase 3 trial, called Indigo301, aimed to test indoximod in combination with Merck's cancer drug Keytruda or Bristol-Myers Squibb's cancer drug Opdivo BMY, -5.85% Sunday's NewLink announcement wasn't unexpected, as the company previously said it planned to review its clinical programs after the Merck/Incyte trial results. More unexpected, however, was the decision to stick its news at the end o
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