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Fly News Breaks for February 27, 2017
STML
Feb 27, 2017 | 07:27 EDT
H.C. Wainwright analyst Raghuram Selvaraju believes a death due to capillary leak syndrome is unlikely to lead to a clinical hold on SL-401, Stemline Therapeutics' lead candidate in blastic plasmacytoid dendritic cell neoplasm, a rare blood cancer. The FDA is unlikely to place a clinical hold on the ongoing trial, since capillary leak syndrome is a known safety risk with SL-401 and given the fact that the only agent in this class to receive regulatory approval, Ontak, is also associated with this side-effect, Selvaraju tells investors in a research note. He reiterates a Buy rating on Stemline with a $34 price target. The stock closed Friday up 40c to $6.85.
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