STTK Discontinues Cancer Program, Plans Workforce Cut, Stock Falls
Shattuck Labs(STTK) ZACKS·2024-10-02 23:25
Shattuck Labs (STTK) announced its decision to discontinue the development of its pipeline candidate SL172154, which was being developed for acute myeloid leukemia (AML) and higher-risk myelodysplastic syndromes (HR-MDS), types of blood cancer, as part of its strategic pipeline prioritization efforts. This disappointed investors as SL-172154 was the only clinical-stage candidate in Shattuck's pipeline. Following the news, the stock plummeted 45% on Tuesday and lost another 3.7% during the after-market hours ...