PRNewsWire
10 Jun 2026, 01:06 UTC · 8h ago
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The Independent Data Monitoring Committee recommended the discontinuation of Immutep's Phase III TACTI-004 trial for futility. — The failure of a Phase III trial for a primary drug candidate is a catastrophic event for a biotech company's valuation and pipeline viability.
-1.00A securities fraud class action lawsuit has been filed alleging Immutep misled investors regarding the efficacy and viability of its drug candidate. — Legal action for fraud adds significant regulatory risk and potential financial liabilities beyond the clinical failure.
-0.60Immutep's ADR price collapsed approximately 83%, falling from $2.76 to $0.48 following the futility announcement. — This confirms a massive loss of market capitalization and a severe negative shift in investor sentiment.
-0.40Which stocks this story touches
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The company faces a class action lawsuit following an 83% stock price drop after a phase III trial was discontinued for futility.
The company is the subject of a class action lawsuit filed by Robbins LLP.
The company is the subject of a class action lawsuit filed by Robbins LLP.
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