ESSA Pharma Provides Corporate Update and Reports Financial Results for Fiscal Fourth Quarter and Year Ended September 30, 2024
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ESSA Pharma Inc. (NASDAQ: EPIX) has announced the termination of its clinical development of masofaniten after an interim analysis showed it was unlikely to meet its primary endpoint. The company is now exploring strategic options to maximize shareholder value.
December 17, 2024 | 12:15 pm
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ESSA Pharma has terminated the development of masofaniten due to poor trial results and is exploring strategic options to enhance shareholder value.
The termination of masofaniten's development is a significant setback for ESSA Pharma, likely leading to a negative short-term impact on its stock price. The exploration of strategic options may provide some future upside, but the immediate effect is negative.
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