In latest setback for stem cell sector, Celyad fails PhIII— and the biotech claims a victory
At first glance, the idea that stem cells can be used to strengthen a damaged heart has a potent attraction. It sounds sensible enough in the panoply of regenerative medicine. But Celyad’s program to prove that it has the right approach with Cure-C just failed in Phase III, offering a new setback to a troubled field and a body blow to the biotech company.
For Celyad’s ($CYAD) part, the fact that the Phase III failed was dispensed with quickly so the company could immediately move on to its analytical breakdown, pointing to a significant subpopulation of patients the company insists were helped by C-Cure. That analysis is giving them grounds to approach the EMA on filing the drug while flagging their eagerness to do a deal on the project, looking for another company to fund development and back a commercialization move.
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