On the ropes, Opexa shares blasted by PhIIb multiple sclerosis trial flop
Opexa Therapeutics $OPXA today becomes the latest in a long lineup of public biotech companies to feel the wrath of disappointed investors in the wake of a clinical trial failure. The biotech’s shares cratered, plunging 69% in pre-market trading after its lead therapy flunked a Phase IIb for multiple sclerosis.
The news wiped out the lion’s share of The Woodlands, TX-based biotech’s minuscule $24 million in market cap.
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