Protagonist Therapeutics' stock plunges after colitis treatment trial deemed 'futile' [MarketWatch]
Protagonist Therapeutics, Inc. (PTGX)
Last protagonist therapeutics, inc. earnings: 3/10 04:01 pm
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Source: MarketWatch
Protagonist Therapeutics' stock plunges after colitis treatment trial deemed 'futile' Protagonist Therapeutics Inc.'s stock PTGX, -58.11% plunged 56% toward a 10-month low in morning trade Monday, after biopharmaceutical company said it was discontinuing its phase 2 trial of its ulcerative colitis treatment after an independent data monitoring committee (DMC) deemed the trial "futile." The DMC said its recommendation was based on analysis of the primary endpoint of clinical resubmission. The company said based on the DMC's recommendation, further treatment of patients currently in the study will be discontinued, and it will postpone its decision regarding the initiation of a phase 2/3 trial. "We are very disappointed with this futility-based outcome which was also accompanied by an unexpectedly high placebo rate," said Chief Executive Dinesh Patel. "We will conduct an extensive review of the complete dataset on the totality of patients enrolled in the trial before making any furthe
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PTGX
Earnings
- 8/3/23 - Miss
PTGX
Sec Filings
- 4/19/24 - Form 4
- 4/12/24 - Form PRE
- 4/2/24 - Form 4
- PTGX's page on the SEC website