X4 Pharmaceuticals (XFOR) shares fell 30% in recent Thursday trading even after the company said its phase 2 trial assessing the safety and efficacy of mavorixafor as a treatment for chronic neutropenia yielded "positive interim clinical data".
Interim analysis of the ongoing six-month study indicated once-daily oral mavorixafor was well tolerated and consistently raised participants' absolute neutrophil counts, both alone and in combination with stable doses of injectable granulocyte colony-stimulating factor, X4 Pharmaceuticals said Thursday.
The company is screening patients for its global phase 3 trial, evaluating oral mavorixafor's efficacy in treating severe chronic neutropenia.
Intraday trading volume topped 5.8 million shares versus the daily average of 2.7 million.
Price: 0.70, Change: -0.30, Percent Change: -30.40
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