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Business
Cancer Vaccine Firm Cuts Staff
October 10, 2005
| A version of this story appeared in
Volume 83, Issue 41
CancerVax will cut back its staff from 183 to approximately 80 as a result of its decision to discontinue Phase III clinical trials of its melanoma vaccine Canvaxin. The drug, being developed in collaboration with Serono, was no better than a placebo, an independent board found. CancerVax says it has three other in-licensed cancer vaccines in its pipeline, all targeting epidermal growth factor receptors. One is in Phase II trials.
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