Clinical TrialsManagement no longer has conviction that a pivotal trial with this asset in colorectal cancer will succeed.
Financial PerformanceIGM Biosciences recorded a net loss of $0.79 per share—significantly wider than the original estimated net gain of $0.21 per share; the difference is attributed to lower-than-anticipated collaboration revenue.
Strategic FocusSanofi has clearly shifted focus on I&I, as pulling away from early stage oncology investments, evident by planned divesture of Amunix and closure of Kiadis.