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Mucositis Drug Rejection Sends Galera Into Tailspin

Workforce Slashed By 70%

 
• By Kevin Grogan

Galera's stock has cratered after the US FDA issued a complete response letter for avasopasem manganese for radiotherapy-induced severe oral mucositis in patients with head and neck cancer.

Waves breaking
Galera blown out of the water by FDA rejection • Source: Shutterstock

Galera Therapeutics, Inc.’s stock has gone through the floor on the news that regulators in the US have rejected avasopasem manganese, the company's treatment for radiotherapy-induced severe oral mucositis (SOM) in patients with head and neck cancer.

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