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Monday, December 16, 2019

Novartis exit from fevipiprant pressures Gossamer Bio

Gossamer Bio (NASDAQ:GOSS) slumped 38% premarket on light volume in reaction to Novartis’ decision to terminate development of DP2 antagonist fevipiprant for asthma.
Gossamer’s lead candidate, GB001, also an DPS antagonist, is in Phase 2 development for rhinosinusitis and asthma.

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