Acceleron Pharma (NASDAQ:XLRN) has decided to terminate development of ACE-083 after a Phase 2 study
in patients with Charcot-Marie-Tooth disease, a group of inherited
disorders that cause nerve damage, failed to demonstrate functional
improvement despite meeting the primary endpoint of a statistically
significant increase in mean total muscle volume.
The company will now focus its resources on anemia
and pulmonary PAH (with sotatercept) with Reblozyl as well as ongoing
preclinical work in TGF-beta protein superfamily-based discovery and
research.
In September 2019, it nixed development of ACE-083 for facioscapulohumeral muscular dystrophy.
Shares up 1% after hours.
https://seekingalpha.com/news/3549925-acceleron-bails-on-aceminus-083-after-unsuccessful-mid-stage-study
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