Syros flunks phase 3 blood cancer trial, triggering loan default and share-price plunge

cafead

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  • cafead   Nov 13, 2024 at 11:42: AM
via Syros Pharmaceuticals’ blood cancer prospect tamibarotene has failed another study, triggering a default on a loan and wiping 85% off the share price of the beleaguered biotech.

The phase 3 trial was assessing the effect of using the retinoic acid receptor alpha agonist tamibarotene in combination with azacitidine in newly diagnosed, higher-risk myelodysplastic syndrome (MDS) patients.

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