Lantheus shares are trading lower after the company and POINT Biopharma announced topline results from the pivotal phase 3 SPLASH study in metastatic castration-resistant prostate cancer.
Portfolio Pulse from Benzinga Newsdesk
Lantheus Holdings, Inc. (LNTH) shares dropped following the announcement of topline results from the phase 3 SPLASH study for metastatic castration-resistant prostate cancer, conducted in collaboration with POINT Biopharma.
December 18, 2023 | 2:09 pm
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Lantheus Holdings, Inc. shares are trading lower after the release of topline results from the SPLASH study in partnership with POINT Biopharma.
The negative market reaction is likely due to investor concerns about the efficacy or commercial potential of the treatment based on the topline results. As the news directly pertains to Lantheus' product pipeline and potential future revenues, it is highly relevant and important to the company's valuation. The confidence in the analysis is high, given the typical market response to clinical trial results.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100