Viracta Therapeutics Exploring Options, Including Potential Sale; Closes Phase 2 Trial of Nana-val

MT Newswires Live

2024/12/27

Viracta Therapeutics (VIRX) said late Thursday its board has launched a process to explore options, including a potential merger, sale or licensing deal.

While the board reviews Viracta's options, the company said it has decided to close its phase 2 trial of Nana-val for the treatment of relapsed/refractory EBV+ lymphomas to maximize its cash runway.

The closure of the trial is not due to any new safety finding, the company added.

Viracta shares dropped almost 16% in recent after-hours activity.

Price: 0.20, Change: -0.04, Percent Change: -15.57

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