The Traderszone Network

Published in TZ Latest News 7 November, 2017 by The TZ Newswire Staff

Why Celldex Therapeutics Stock Crumbled in October

Shares of the clinical-stage biotech Celldex Therapeutics (NASDAQ: CLDX) fell by 14.7% in October, according to S&P Global Market Intelligence. The good news — if you can call it that — is that Celldex’s shares appear to have fallen simply because investors are tired of waiting for a major clinical update from the company’s ongoing mid-stage trial assessing the antibody drug conjugate (ADC) glembatumumab vedotin, or glemba, in patients with triple negative breast cancer (TNBC). 

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