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Stock impact report

Synlogic Announces Decision to Discontinue Synpheny-3 Study and Provides Corporate Update [Yahoo! Finance]

Synlogic, Inc. (SYBX) 
Last synlogic, inc. earnings: 3/12 04:19 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Board of Directors plans to perform assessment of strategic options CAMBRIDGE, Mass., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Synlogic, Inc. (Nasdaq: SYBX), a biopharmaceutical company advancing novel therapeutics to transform the care of serious diseases, announced today the decision to discontinue Synpheny-3, its ongoing pivotal study of labafenogene marselecobac (SYNB1934) as a potential treatment for phenylketonuria (PKU). As a result, Synlogic's management and its Board of Directors have made the decision to evaluate strategic options for the Company. The decision to end Synpheny-3 is based on results of an internal review in advance of an upcoming independent Data Monitoring Committee (DMC) assessment, which indicated the trial was unlikely to meet its primary endpoint. The decision was not based on concerns regarding safety or tolerability. Synlogic will now work with the Synpheny-3 clinical trial sites involved to implement the discontinuation. "It is with a heavy heart that Show less Read more
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