Off-the-shelf and on the decline: Adicet Bio’s shares halved after PhI look at cell therapy
Adicet Bio’s stock price was halved on Tuesday morning as investors tanked the biotech’s shares $ACET following a look at Phase I data on its off-the-shelf cell therapy.
The California biotech’s allogeneic cell therapy is being investigated in patients with aggressive forms of B-cell non-Hodgkin’s lymphoma, and half of them had previously failed on an autologous CAR-T therapy, a sign that more treatment options are needed beyond the first-generation approach. But Adicet’s data drop after Monday’s closing bell — and talk of a later-than-previously guided pivotal trial — sent shares spiraling and led analysts to question the durability potential of ADI-001.
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