NewLink Genetics shares plummet 44% after Merck, Incyte trial failure

BPC Staff Apr 6, 2018 | 8:23 pm
<1 min read time
56 wordsAll Latest News, Health and Wellness, Insurance, Statewide NewsMarketWatch: Shares of Ames-based NewLink Genetics Corp. plummeted 44 percent by late morning today after Merck and Incyte Corp. said their trial testing a combination including a type of cancer drug called an IDO inhibitor had failed. The companies are stopping the trial. NewLink stock had dropped 39 percent in premarket trade immediately after the announcement.