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Peregrine Officially End Late-Stage Development of Bavituximab

 
• By Lisa LaMotta

The biotech continues to look for alternative data that could resurrect its lead product after a slew of failures.

After a Phase III blow-up in February, Peregrine Pharmaceuticals Inc. has finally decided what to do with its flailing immuno-oncology program, all while trying to put the focus on its more successful contract manufacturing business.

Peregrine announced June 2 that it will no longer initiate any further Phase II or Phase III clinical trials for...

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• By Andrew McConaghie

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• By Xu Hu

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