Cyteir to dissolve as oncology biotech scraps its final clinical attempt two years after IPO
Cyteir Therapeutics will dissolve, liquidate and return remaining cash to shareholders, the Lexington, MA-based biotech said Friday morning.
The public company said its investigational drug didn’t clear the efficacy hurdles needed to move beyond a Phase I combination study. Cyteir tried pairing CYT-0851 with the chemotherapy capecitabine and gemcitabine, which is usually combined with other oncology drugs. The early-stage study included patients with advanced ovarian cancer and other solid tumors.
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