ADC Therapeutics Stock Is Plunging Today - What's Going On?
Portfolio Pulse from Vandana Singh
ADC Therapeutics SA has voluntarily paused enrollment of new patients in the Phase 2 LOTIS-9 trial evaluating Zynlonta and rituximab in patients with untreated diffuse large B-cell lymphoma. This decision comes after a review of data from the 40 patients enrolled in the trial, which indicated potentially excessive respiratory-related events. The company does not expect to report additional data from the trial by the end of the year. ADCT shares are down 15.60% at $2.00 during the premarket session.
July 11, 2023 | 12:47 pm
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NEGATIVE IMPACT
ADC Therapeutics has paused its Phase 2 LOTIS-9 trial, which has led to a drop in its stock price.
The company's decision to pause the trial due to potential health risks has likely caused uncertainty among investors, leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100