BUZZ-Atara Biotherapeutics falls after FDA puts clinical hold on cancer therapy trials
** Shares of drug developer Atara Biotherapeutics ATRA.O fall 4.6% to $6.27 premarket
** Co says the US FDA has placed a clinical hold on trials testing its experimental cancer cell therapies
** The hold applies to studies of co's experimental cancer therapies, tabelecleucel, and ATA3219
** Co says the hold is related to the issues observed at a third-party manufacturing facility
** The FDA last week declined to approve its cancer therapy tabelecleucel to treat patients with a rare cancer that develops after organ or stem cell transplants, due to third-party manufacturing concerns
** "Atara and FDA have discussed and agreed upon the actions necessary to release the clinical holds"- ATRA
** Co says it has paused enrollment of new participants in the trials; adding that some participants "who have the potential to derive clinical benefit" can continue to receive treatment
** Up last close, stock had fallen 63.2% in the past 12 months
(Reporting by Sneha S K)
((Sneha.SK@thomsonreuters.com;))
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