NGM’s Second Phase II Miss Raises Questions For Option Deal With Merck

NGM said a Merck-partnered C3 inhibiting antibody has failed a Phase II study in geographic atrophy, after the biotech’s wholly owned NASH candidate missed in a Phase IIb study in 2021.

Crash & Burn
NGM's stock price declined by 70% after the CATALINA data were unveiled • Source: Shutterstock

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