Why is Macrogenics (MGNX) Stock Down 28% Today?
MGNXMacroGenics(MGNX) Investor Place·2024-07-31 20:46

Macrogenics (NASDAQ:MGNX) stock is dropping on Wednesday as the biopharmaceutical company prepares to discontinue a clinical trial of vobramitamab duocarmazine.This is the company’s candidate for metastatic castration-resistant prostate cancer (mCRPC). The company has decided to no longer move forward with its TAMARACK Phase 2 study for patients who could have received additional doses.Macrogenics is making this decision due to the primary endpoint of its study already being met. This suggestion came from t ...