Why Juno Therapeutics Stock Slumped in March [The Motley Fool]
JUNO THERAPEUTICS (JUNO)
Last juno therapeutics earnings: 11/1 04:05 pm
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Source: The Motley Fool
Juno's stock slumped last month after its lead product candidate was mothballed. George Budwell ( TMFGBudwell ) Apr 8, 2017 at 9:43AM What happened Juno Therapeutics ( NASDAQ:JUNO ) , a clinical-stage biotech, shed 12.3% of its value in March, according to data from S&P Global Market Intelligence . This double-digit move lower was sparked by the company's decision to mothball its lead chimeric antigen receptor (CAR) T-cell cancer immunotherapy, JCAR015, for safety reasons. Specifically, this experimental cell therapy was in an ongoing pivotal-stage trial for adults with relapsed/refractory B-cell acute lymphoblastic leukemia (ALL), but a handful of patient deaths led the company to discontinue its development at the start of March. Image Source: Getty Images. So what Not long ago, Juno was nipping at the heels of Novartis ( NYSE
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