STAT's Feuerstein rains on Endocyte's parade, says prostate drug not likely to work; shares down 8% premarket [Seeking Alpha]
ENDOCYTE (ECYT)
Last endocyte earnings: 11/7 04:01 pm
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US:NASDAQ Investor Relations:
investor.endocyte.com/investor-relations
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Source: Seeking Alpha
STAT's Feuerstein rains on Endocyte's parade, says prostate drug not likely to work; shares down 8% premarketLong investors in Endocyte (NASDAQ:ECYT) are facing a down day on the heels of anarticle by STAT's Adam Feuerstein who says its just-licensed prostate drug, PSMA-617, won't be a winner due to significant off-target toxicity associated with the PSMA target.Shares rallied four-fold on the news, but they are down8% premarket on increased volume.Previously:Endocyte in-licenses late-stage prostate cancer candidate from ABX GmbH; shares ahead 11% premarket (Oct. 2)Now read:How To Value Biotech Firms? »
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