# IO Biotech will file for bankruptcy after failure of cancer vaccine in key trial

- slug: io-biotech-will-file-for-bankruptcy-after-failure-of-cancer-vaccine-in-key-trial
- date: 2026-04-01
- category: Biotech & Life Sciences

The failed melanoma vaccine showed a 16.6-month benefit in one subgroup but missed its primary endpoint. Now a bankruptcy trustee is selling the IP — and the price will tell us if the field sees salvage value in a statistical miss.

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