Jefferies Cuts Price Target on Immunomedics (IMMU) as Clivatuzumab Program is Discontinued

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Immunomedics Provides Update on Phase 3 PANCRIT-1 Trial of Clivatuzumab Tetraxetan in Patients With Advanced Pancreatic Cancer

March 14, 2016 4:30 PM EDT

MORRIS PLAINS, N.J., March 14, 2016 (GLOBE NEWSWIRE) -- Immunomedics, Inc., (Nasdaq: IMMU) today announced that the Company is terminating the Phase 3 PANCRIT-1 trial with yttrium-90-labeled (90Y) clivatuzumab tetraxetan in patients with metastatic pancreatic cancer who had received at least two prior therapies, one of which must have been a gemcitabine-containing regimen.

The decision to terminate the trial... More