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The Associated Press September 22, 2011, 5:46PM ET

FDA halts Immunomedics trial after incorrect dose

Immunomedics said Thursday federal health regulators have halted a study of the company's experimental pancreatic cancer drug after one patient received an incorrect dose of the medication.

The company said the Food and Drug Administration placed a clinical hold on the study after investigators discovered the patient received a higher-than-prescribed dose. The patient "remains on study with no critical toxicity," the company said in a statement.

The company is working with the FDA to file the necessary paperwork to resume the trial.

Company shares fell 25 cents, or 6.7 percent, to close at $3.50.

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