Advaxis Reports Clinical Hold of Investigational Agent Axalimogene Filolisbac

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FBR Capital Remains Bullish on Advaxis (ADXS) Following Conference Call About FDA IND Clinical Hold

October 7, 2015 7:49 AM EDT

FBR Capital reiterated an Outperform rating and $34.00 price target on Advaxis (NASDAQ: ADXS) following a conference call and webcast. The call was to discuss the announcement that its Investigational New Drug (IND) application for axalimogene filolisbac (AF) was placed on clinical hold by the FDA, affecting four clinical trials with AF in cervical cancer.

Analyst Vernon Bernardino commented, "Advaxis, after market... More