other material
confidence medium
sentiment negative
materiality 0.75
Salarius closes Phase 1/2 seclidemstat Ewing sarcoma trial; explores strategic alternatives
Decoy Therapeutics Inc.
- Company terminates ongoing Phase 1/2 clinical trial evaluating seclidemstat for Ewing sarcoma to conserve cash.
- Board of Directors continues exploring strategic alternatives focused on maximizing shareholder value.
- Still supporting MD Anderson's sponsored trial of seclidemstat + azacitidine in MDS/CMML (on partial clinical hold after grade 4 adverse event).
- Warns it may need to dissolve if unable to raise capital or complete a strategic transaction soon.