Theseus To Discontinue Enrollment In Phase 1/2 Study And Terminate Development Of THE-630 In Patients With GIST
Portfolio Pulse from Benzinga Newsdesk
Theseus Pharmaceuticals has announced its decision to discontinue enrollment in its Phase 1/2 study and terminate the development of THE-630 for patients with GIST. The company's CEO expressed disappointment as they believed the therapy could have significant clinical benefits.
July 13, 2023 | 8:09 pm
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Theseus Pharmaceuticals' decision to discontinue the development of THE-630 could negatively impact the company's stock in the short term.
The discontinuation of a potential product, especially one that was in Phase 1/2 of clinical trials, often leads to a negative reaction from the market. This is due to the potential revenue and growth that the product could have brought to the company.
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