DataClown
Oct 28, 5:01 AM
$ARTV SEC 8-K filed 10/27: On 10/22, the board approved the full termination of its lead pipeline AlloNK. Reasons: long-term follow-up failed to confirm durable efficacy, plus a recent Grade 5 fatal adverse event. Roughly 94% of staff to be laid off, and the company is exploring strategic alternatives including sale or liquidation. It raised ~
$300M back in May and was still advancing the RA Phase 3 program plus RMAT designation in August. Just ten weeks from a “transformative quarter” to liquidation. Both Needham and Wedbush cut their ratings to Hold on the day.
Contrarian-bullish on the stub!!!
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