Athersys Inc ATHX:NASDAQ

Last Price$0.25NASDAQ Previous Close - Last Trade as of 4:00PM ET 7/01/22
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Athersys Shares Tumble Pre-Bell as MultiStem Study Misses Primary Endpoint

8:48AM ET 5/20/2022 MT Newswires
Athersys, Inc. (ATHX) shares are down more than 50% in premarket trading after the biotech company reported Friday that a study of its MultiStem ischemic stroke study did not meet its primary endpoint.

Athersys said that the primary endpoint, which was excellent outcome at 90 days, did not reach statistical significance in this population. The trial enrolled 206 patients and was conducted by 48 sites in Japan.

Price: 0.38, Change: -0.38, Percent Change: -50.32