Sanofi pulls the plug on two late-stage drugs

[riky]

Sanofi pulls the plug on two late-stage drugs

PARIS (Reuters) - Sanofi has pulled the plug on two late-stage drugs, iniparib and otamixaban, after tests showed both treatments failed to meet their main goal. The move represents a blow to the drugmaker's pipeline as it seeks to drive growth after the loss of patents covering several blockbusters. The group said on Monday it would discontinue the development of cancer treatment iniparib, which it had been testing as a therapy for a type of lung cancer, and would book a charge of $285 million after tax. ...

Source: You are not allowed to view links. Register or Login