Pharmaceutical Industry Roundup: Janux Setback, FDA Reviews, and Leadership Changes
Janux Therapeutics experienced a significant stock price drop of nearly 50% following the release of new early-stage results for their "masked" T cell engager, JANX007, in advanced prostate cancer treatment. The latest data revealed a response rate of 30% among 27 evaluable patients, a decrease from the 50% response rate reported in December. This decline has raised concerns among investors, although some analysts, such as William Blair's Matt Phipps, suggest the selloff may be an "overreaction."