lucabrix
Oct 6, 7:15 PM
$CLDX Celldex Therapeutics shares are under heavy pressure as traders focus on fresh safety worries tied to its lead drug, barzolvolimab. While the Phase 3 trial in chronic spontaneous urticaria hit its main goals, reports of two life-threatening anaphylaxis cases, a long regulatory path stretching into 2027, and a classic “sell the news” reaction have combined to overshadow the efficacy win and weigh on the stock. The setback comes even as the strong Phase 3 data reinforce the drug’s potential and underscore the value of Celldex’s antibody-focused pipeline, which could support the company’s long-term prospects if it successfully navigates regulators and competition.
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