Oncothyreon (ONTY -20.7%) tanks today after presenting data as ASCO that showed Phase III trials...

|By:, SA News Editor

Oncothyreon (ONTY -20.7%) tanks today after presenting data as ASCO that showed Phase III trials of its investigational MUC1 antigen-specific cancer immunotherapy L-BLP25 didn't meet its primary objective. The trial was conducted by Merck Serono, a division of Merck (MRK -0.7%), under a license agreement with ONTY.