Ikena Oncology To Discontinue Development Of IK-930, Is Evaluating Strategic Options For Co. And Its Development Pipeline
Portfolio Pulse from Benzinga Newsdesk
Ikena Oncology has announced that it will discontinue the development of its drug candidate IK-930. The company is also evaluating strategic options for its overall development pipeline and the company itself.
May 28, 2024 | 8:16 pm
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Ikena Oncology has decided to halt the development of its drug candidate IK-930 and is considering strategic options for its development pipeline and the company.
The discontinuation of IK-930 development is a significant setback for Ikena Oncology, likely leading to a negative short-term impact on the stock price. The evaluation of strategic options indicates potential restructuring or other major changes, adding uncertainty.
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