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Outlier02STOCKS2026-06-05

ADC Therapeutics falls sharply on blood cancer drug safety concerns in Phase 3 trial

  • ADC Therapeutics shares fell sharply after a Phase 3 study of its lymphoma drug Zynlonta raised serious safety concerns.
  • The stock fell to approximately $1.50 on June 4, 2026, following the trial announcement on June 3.
  • The trial showed higher rates of serious adverse events and Grade 5 events in the Zynlonta arm, which analysts highlighted as potentially difficult for physicians, patients, and regulators to accept.

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Conclusion

ADCT fell approximately 51% on June 4, 2026, following announcement of Phase 3 LOTIS-5 topline data on June 3. The trial showed serious adverse events in 49.0% of the Zynlonta plus rituximab arm versus 34.5% in the control arm, and Grade 5 treatment-emergent adverse events in 13.2% versus 4.6%. The trial met its primary endpoint of progression-free survival but showed no overall survival benefit.

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