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Benzinga
Benzinga
Business
Adam Eckert

Why MEI Pharma Stock Is Plummeting After Hours

MEI Pharma Nasdaq FDA

MEI Pharma Inc (NASDAQ:MEIP) shares are plunging in Thursday's after-hours session after the company provided an investor update following a recent meeting with the U.S. Food and Drug Administration.

During the meeting, the FDA informed MEI Pharma that a randomized trial would now be needed to adequately assess drug efficacy and safety of PI3K inhibitor drug candidates, including zandelisib.

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