TGTX is now a clinical-stage autoimmune company. Due to the phase-3 failure of the Ukoniq/ublituximab combination in CLL/SLL and the withdrawal of Ukoniq from the market,* all TGTX has left is the clinical program for ublituximab in MS.
I’ve been a long-running skeptic of TGTX due to corporate-governance issues. Releasing today's news on a market holiday is par for the course.
*If TGTX hadn’t withdrawn Ukoniq voluntarily, the FDA would almost certainly have revoked Ukoniq’s accelerated approval in FL.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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