SEATTLE (TheStreet) -- A small clinical study treating elderly Hodgkin lymphoma patients with a combination of Seattle Genetics' (SGEN) Adcetris and chemotherapy has been stopped temporarily due to reports of pancreatitis, a dangerous swelling of the pancreas, the company confirmed Tuesday.

The decision to suspend patient enrollment in the Adcetris study due to concerns about pancreatitis was made by researchers at Chicago's Northwestern University, which designed and is conducting the study. Seattle Genetics says none of its Adcetris studies have been halted for any toxicity reasons.

JMP Securities first picked up on the Adcetris study halt Friday following a presentation by Northwestern's Dr. Andrew Evens at a lymphoma research meeting in Lugano, Switzerland. As word filtered back through Wall Street Friday, Seattle Genetics shares sold off moderately. The stock recovered partially by the close of Friday trading after Seattle Genetics denied any knowledge of an Adcetris study being halted due to safety concerns.

Now, the company admits its denial Friday was a mistake.

Read more here:
Safety Concern Halts Study of Seattle Genetics' Lymphoma Drug

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