Genocea Stops Pneumonia Vaccine Development After Study Fails

Monday, October 19, 2015

Drug developer Genocea Biosciences Inc said it was suspending the development of a vaccine for pneumonia-causing bacteria after it failed to significantly reduce infection in a mid-stage study.

The company's shares fell 34 percent to $4.75 in premarket trading.

Genocea said it was dropping the development of the vaccine, GEN-004, from its near-term plans to focus on its lead drug – a treatment for genital herpes.

GEN-004 was being developed to fight streptococcus pneumoniae, a type of bacteria that causes a number of infectious diseases including bronchitis, conjunctivitis and brain abscess.


Source: Reuters (link opens in a new window)

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