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Onconova sinks as Baxter backs away from oral rigosertib

This article was originally published in Scrip

Executive Summary

Onconova Therapeutics sank 36.3% to close at $2.55 per share on 3 February after the company revealed deep in a disclosure of its Phase III plans for intravenous rigosertib in higher-risk myelodysplastic syndrome (MDS) that its partner Baxter Healthcare will not pursue further development of oral rigosertib in lower-risk MDS.

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