Stemline comes clean on patient death, but questions linger; Life sciences fund launches with €100M
• Stemline $STML has been forced to admit that it received a report that one of the patients in its pivotal study of SL-401 for blastic plasmacytoid dendritic cell neoplasm (BPDCN) died after developing capillary leak syndrome, a condition that has already been linked to the drug. That admission followed a story from TheStreet’s Adam Feuerstein, who revealed the patient’s death for the first time. The big problem here is the timing. The death notice came on January 18, a day ahead of a $45 million offering, which failed to disclose the issue. The biotech’s shares have been ripped and analysts are wondering if the company can regain shareholders’ confidence.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.
