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Aeterna Zentaris to stop late-stage cancer drug trial, shares fall

Started by riky, March 12, 2013, 08:00:21 AM

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riky

Aeterna Zentaris to stop late-stage cancer drug trial, shares fall

(Reuters) - Canadian drugmaker Aeterna Zentaris Inc said it would discontinue a late-stage trial of a cancer drug after an independent data safety monitoring committee said the drug was unlikely to help increase patient survival. Shares of the company fell as much as 29 percent to C$1.89 on Monday on the Toronto Stock Exchange. The committee recommended that patient enrollment be stopped and the study discontinued for perifosine, the company said in a statement. ...

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