Mucositis Drug Rejection Sends Galera Into Tailspin

Workforce Slashed By 70%

Galera's stock has cratered after the US FDA issued a complete response letter for avasopasem manganese for radiotherapy-induced severe oral mucositis in patients with head and neck cancer.

Waves breaking
Galera blown out of the water by FDA rejection • Source: Shutterstock

Galera Therapeutics, Inc.’s stock has gone through the floor on the news that regulators in the US have rejected avasopasem manganese, the company's treatment for radiotherapy-induced severe oral mucositis (SOM) in patients with head and neck cancer.

Having granted a priority review to the therapy, the US Food and Drug Administration has issued a complete response letter...

Scrip Podcast

Keep up with the top pharma business news of the week. On the go.

Scrip brings you a weekly bulletin of top picks.

More from New Products

More from Scrip