STRO stock news · Sutro Biopharma
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Merck has stopped working on MK-1484, a drug it was developing with Sutro Biopharma.
Bad for STROSutro loses a partnered drug program after Merck ended MK-1484 development. Merck called the choice routine, not a safety or efficacy response, but the canceled program is still a setback for Sutro.
What factors are contributing to the decline of Sutro Biopharma's stock on Wednesday?
Bad for STROSutro Biopharma's stock is down significantly following an update on its STRO-004 Phase 1 study, which revealed dose-limiting toxicity at higher doses and bearish technical indicators, leading to concerns about the stock's future performance.