Scynexis is pulling its vaginal infection drug Brexafemme (ibrexafungerp) from the market and placing a temporary hold on ongoing clinical trials due to contamination risk issues spotted by its product licensor GSK. Ibrexafungerp will only be made available again once there is a mitigation strategy and resupply plan in place.
Scynexis’ shares $SCYX were down 45% after Monday’s stock market opening. GSK licensed ibrexafungerp from Scynexis in March with an upfront payment of $90 million.
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