Shares of biotech company Oncothyreon (NASDAQ: ONTY) fell more than 50% yesterday. The company released Phase 3 data for its drug Stimuvax, an experimental vaccine that treats non-small cell lung cancer, which showed that the drug failed to improve overall survival for patients in the clinical trial. In this video, Motley Fool health-care analysts Max Macaluso and Brenton Flynn take us through the details.
Oncothyreon was down big yesterday - what happened?
About the Author
Max is the Technology, Biopharma & Health Care Bureau Chief at Fool.com. Prior to joining the Fool, he completed a PhD in chemistry at the University of Cambridge and an MBA at the College des Ingenieurs.
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