Rain does not expect to pursue further development of milademetan in DD LPS. Rain hopes to present the MANTRA data in an upcoming medical conference. “We are very disappointed in the outcome of the MANTRA trial, as the results did not closely mirror prior clinical results in patients with DD LPS,” said Avanish Vellanki, co-founder and chief executive officer of Rain. “We are truly saddened we will not likely be able to offer patients new treatment options for this challenging disease. However, the quality and robustness of the global MANTRA trial reflects an unambiguous data set. Rain’s mission remains to advance science, and therefore we will further evaluate the totality of the MANTRA data to support the scientific and medical community in the hope we can aid others in finding new strategies for patients with DD LPS. Based on the MANTRA topline results, we will also re-evaluate the path forward for milademetan. We continue to believe that reactivating p53 is an important avenue to pursue as part of a treatment strategy across cancer. I would like to extend our sincerest gratitude to the patients and clinicians who participated in the trial as well as our dedicated team.” http://archive.fast-edgar.com/20230522/APBYBQ2C8Z22KZZ222T22ZZZG5MFZ2T2N252/tm2316419d1_ex99-1.htm
RAIN Rain Oncology Inc. $9.93 0.17 (+1.74%)4:00 PM 05/19/23 NASDAQ | $USD | Pre-Market: $1.74 -8.19 (-82.48%) 9:25 AM Oh boy Pete is never talking to me again.
To be fair he goes overboard and fell in love with all the insider buying and the Hedge fund buying most of the really big ones are in it... what a huge surprise and I have to look back at what I could of done better. Sell Friday! Being top of the list. Boy this gives me zero confidence to do moves in my son's account./
Took big gains in Adv Drainage and PODD. PODD is a LT holding so it will be a wash tax wise. Pretty much following up a huge mistake with more mistakes (selling winners) // I am in a death spiral.