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Celldex Sinks As Lead Asset Rintega Fails In Phase III

 
• By Mandy Jackson

Celldex Therapeutics Inc.'s stock was cut by more than half to $3.79 per share after the company revealed that it would discontinue the Phase III clinical trial known as ACT IV for the cancer vaccine Rintega (rindopepimut) based on an interim assessment of survival for glioblastoma (GBM) patients.

Celldex Therapeutics Inc.'s stock was cut by more than half to $3.79 per share after the company revealed that it would discontinue the Phase III clinical trial known as ACT IV for the cancer vaccine Rintega (rindopepimut) based on an interim assessment of survival for glioblastoma (GBM) patients.

Hampton, New Jersey-based Celldex closed down 53.7% on March 7 following the disclosure that median overall survival was 20.4 months...

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