Clinical Trial ContinuationIn the worst-case scenario, the data monitoring committee finds RELIANCE II futile, leading management to discontinue the trial.
Clinical Trial ResultsThe interim analysis concluded futility of REL-1017 in RELIANCE II, which is disappointing given previous evidence and similar approved products.
Financial PerformanceBased on today's news, it makes sense to move to the sidelines with a Market Perform rating and new $1 price target.