: MacroGenics stock falls after study shows breast-cancer survival rates for drug didn’t surpass standard treatment

MacroGenics Inc. MGNX shares dropped late Tuesday after the biotech drug developer said its breast-cancer treatment didn’t perform as well as standard treatment in a late-stage clinical study. MacroGenics shares, which had been halted after hours, dropped as much as 20% in the extended session after finishing the regular session down 3.2% at $21.78. The company reported that in a Phase 3 study its drug Margenza did not result in better statistically significant survival rates when compared with trastuzumab. The company received Food and Drug Administration approval for Margenza in 2020, but a full approval was conditioned on progression-free survival rates. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

: MacroGenics stock falls after study shows breast-cancer survival rates for drug didn’t surpass standard treatment
MacroGenics Inc. MGNX shares dropped late Tuesday after the biotech drug developer said its breast-cancer treatment didn’t perform as well as standard treatment in a late-stage clinical study. MacroGenics shares, which had been halted after hours, dropped as much as 20% in the extended session after finishing the regular session down 3.2% at $21.78. The company reported that in a Phase 3 study its drug Margenza did not result in better statistically significant survival rates when compared with trastuzumab. The company received Food and Drug Administration approval for Margenza in 2020, but a full approval was conditioned on progression-free survival rates. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.