Foghorn Therapeutics stock slides 21% after FDA puts partial clinical hold on cancer drug trial

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Foghorn Therapeutics stock slides 21% after FDA puts partial clinical hold on cancer drug trial
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Foghorn Therapeutics Inc.’s stock slid 21% in premarket trade Monday, after the biotech said the Food and Drug Administration has placed a partial hold on a...

Foghorn Therapeutics Inc.’s stock FHTX slid 21% in premarket trade Monday, after the biotech said the Food and Drug Administration has placed a partial hold on a cancer trial. The company is pausing enrolment in the trial of its FHD-609 therapy in synovial sarcoma and SMARCB1-deleted tumors. Synovial sarcoma is a rare cancer that affects the tissue around the joints. The move is due to a grade 4 QTc prolongation event in a patient at the second highest dose.

The company is pausing enrolment in the trial of its FHD-609 therapy in synovial sarcoma and SMARCB1-deleted tumors. Synovial sarcoma is a rare cancer that affects the tissue around the joints. The move is due to a grade 4 QTc prolongation event in a patient at the second highest dose. That means the patient showed signs or symptoms of serious arrhythmia.

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