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Artiva to Discontinue Cell Therapy After Two Patient Deaths, Cut Workforce by 94%
The company cited two patient deaths and weaker-than-needed long-term response data as it ends the program and explores a possible merger or sale.
On Tuesday, Artiva Biotherapeutics announced the discontinuation of its lead candidate AlloNK and initiated a strategic review following two patient deaths in a Phase 2a trial.
The company halted development after two Grade 5 safety events and updated longer-term clinical data showed durability of response did not meet thresholds required to support continued development.
Investigators assessed one death as likely related to fludarabine-associated neurotoxicity, while a second patient experienced sudden death assessed as unrelated to AlloNK or any treatment component.
To preserve capital, Artiva will reduce its workforce by about 94%, affecting roughly 98 employees, while holding approximately $319.1 million in cash, cash equivalents, and investments as of September 30, 2026.
Shares tumbled 30.5% on Tuesday following the announcement, as Artiva canceled its November 9 investor webcast and retained Leerink Partners to evaluate strategic alternatives.
GC Cell's U.S. partner, Artiva Biotherapeutics, has halted the development of its flagship cell therapy. This decision was made following two deaths during clinical trials and a failure to meet expectations regarding the sustainability of therapeutic effects in long-term follow-up. In response to this news, GC Cell's stock price fell by approximately 17% at one point during morning trading on the 28th compared to the previous trading day. Artiva…