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Polyphor In Peril After Breast Cancer Drug Failure

Shares Crash On Balixafortide Setback

 
• By Kevin Grogan

Polyphor has seen its remaining asset balixafortide bite the dust and "a strategic assessment regarding the future of the company" is underway for a firm that not so long ago was seen as a rising star in the Swiss biotech sector.

Swiss wallet
Money is tight at troubled Swiss biotech Polyphor • Source: Alamy

It is looking like the end of the road for Polyphor AG, once a popular stock for biotech investors, now that the Swiss group's lead cancer asset balixafortide has come up short in a late-stage trial for breast cancer.

Having suffered a setback with its antibiotics programs a couple of years ago, the firm refocused its research efforts on balixafortide, a potential first-in-class immuno-oncology compound. Polyphor initiated the 432-patient...

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