By Nicholas G. Miller
Shares of EnGene Therapeutics plummeted after the company reported disappointing durability outcomes from a Phase 2 trial of its detalimogene voraplasmid drug for bladder cancer patients.
The stock fell 73% to $2.36 in premarket trading. Through Wednesday's close, shares had more than doubled over the past 12 months.
The company said the estimate for median duration of response was 37.3 weeks. The estimate of the 12-month duration of response was 25%.
"While durability outcomes to date are not what we hoped, these data are preliminary," said Chief Executive Ron Cooper.
EnGene also said that among the 32 patients who had their first disease assessment after the last data analysis, complete response rates were lower than previously reported results.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
May 07, 2026 09:15 ET (13:15 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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