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CTI Bio's Pixuvri flunks late-stage NHL study; shares halted

Published 07/09/2018, 07:20 AM
© Reuters.  CTI Bio's Pixuvri flunks late-stage NHL study; shares halted
CTIC
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  • Thinly traded micro cap CTI BioPharma (NASDAQ:CTIC) is set for a significant down move after announcing that a Phase 3 clinical trial, PIX306, evaluating PIXUVRI (pixantrone), combined with Roche's Rituxan (rituximab), in patients with aggressive B-cell non-Hodgkin lymphoma (NHL) failed to achieve the primary endpoint. Specifically, treatment with pixantrone + Rituxan failed to extend progression-free survival (PFS) compared to gemcitabine + Rituxan.
  • Detailed results will be submitted for publication in a peer-reviewed journal.
  • Shares will resume trading at 7:30 am ET.
  • Previously: CTI BioPharma and Servier collaborate on cancer drug (Sept. 17, 2014)
  • Update: Shares are down 38% premarket.
  • Now read: Your Daily Pharma Scoop: Redhill's New Patent, Nuvectra Slips, Teligent Gains


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