NantCell takes on troubled CytRx chemotherapeutic

NantCell, one of controversial biotech entrepreneur Patrick Soon-Shiong’s many businesses, said last week that it inked a deal to acquire CytRx‘s (NSDQ:CYTR) aldoxorubicin cancer drug. The compound has faced several obstacles in clinical trials, including when it missed the primary endpoint of a late-stage clinical trial, failing to help patients with second-line soft tissue sarcoma in a significant way compared to a control therapy. Get the full story at our sister site, Drug Delivery Business News. The post NantCell takes on troubled CytRx chemotherapeutic appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Biotech Drug-Device Combinations Mergers & Acquisitions Oncology Pharmaceuticals Wall Street Beat cytrx nantcell Source Type: news